{"data":{"id":"us/31-cfr-535.567","jurisdiction":"us","citation":"31 CFR 535.567","heading":"Payment under advised letters of credit.","body":"(a) Specific licenses may be issued for presentation, acceptance, or payment of documentary drafts under a letter of credit opened by an Iranian entity and advised by a domestic bank or an Iranian bank subject to the jurisdiction of the United States, provided, That:\n(1) The letter of credit was advised prior to the effective date;\n(2) The property which is the subject of the payment under the letter of credit was not in the possession or control of the exporter on or after the effective date;\n(3) The Beneficiary is a person subject to the jurisdiction of the United States.\n(b) As a general matter, licenses will not be issued if the amount to be paid to a single payee exceeds $500,000, or if hardship cannot be shown.","path":["Title 31—Money and Finance: Treasury","Subtitle B—Regulations Relating to Money and Finance","CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY","PART 535—IRANIAN ASSETS CONTROL REGULATIONS","Subpart E—Licenses, Authorizations and Statements of Licensing Policy"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-31.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:25Z","sha256":"d59a3eeef4a90482e46b44a9eeac13ee62839584b597f24aae2de014074cf251","source_id":"us-cfr","stale":true,"prev":"us/31-cfr-535.566","next":"us/31-cfr-535.568"},"notice":"GroundRules: Original legal text. Not legal advice."}