---
kind: "section"
citation: "31 C.F.R. § 560.405"
title: "31"
number: "560.405"
heading: "Transactions ordinarily incident to a licensed transaction authorized."
url: "https://uscodex.org/cfr/31/560.405"
---

# §560.405. Transactions ordinarily incident to a licensed transaction authorized.


Any transaction ordinarily incident to a licensed transaction and necessary to give effect thereto is also authorized, except:

- (a) An ordinarily incident transaction, not explicitly authorized within the terms of the license, involving a debit to a blocked account or a transfer of blocked property;
- (b) Payments or transfers of funds;
- (c) Provision of any transportation services to or from Iran not explicitly authorized in or pursuant to this part other than loading, transporting, and discharging licensed or exempt cargo there;
- (d) Distribution or leasing in Iran of any containers or similar goods owned or controlled by United States persons after the performance of transportation services to Iran;
- (e) Financing of sales for the exportation or reexportation of agricultural commodities, medicine, and medical devices that is authorized by general or specific license pursuant to [§ 560.530](/cfr/31/560.530.md); and
- (f) Letter of credit services relating to transactions authorized in [§ 560.534](/cfr/31/560.534.md). See [§ 560.535(a)](/cfr/31/560.535.md?p=a).

## Notes

### Amendments

[77 FR 64666, Oct. 22, 2012, as amended at 79 FR 18993, Apr. 7, 2014; 81 FR 3332, Jan. 21, 2016]

### Authority

Authority: 3 U.S.C. 301; 18 U.S.C. 2339B, 2332d; 22 U.S.C. 2349aa-9, 7201-7211, 8501-8551, 8701-8795; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 12613, 52 FR 41940, 3 CFR, 1987 Comp., p. 256; E.O. 12957, 60 FR 14615, 3 CFR, 1995 Comp., p. 332; E.O. 12959, 60 FR 24757, 3 CFR, 1995 Comp., p. 356; E.O. 13059, 62 FR 44531, 3 CFR, 1997 Comp., p. 217; E.O. 13599, 77 FR 6659, 3 CFR, 2012 Comp., p. 215; E.O. 13846, 83 FR 38939, 3 CFR, 2018 Comp., p. 854.

### Source

Source: 77 FR 64666, Oct. 22, 2012, unless otherwise noted.

### Amendments

[77 FR 64666, Oct. 22, 2012, as amended at 79 FR 18993, Apr. 7, 2014; 81 FR 3332, Jan. 21, 2016]