EU imposes oil embargo on Iran

[medo]

Iran has assets worldwide that could be seized and serve to repare the prejudice.

If Iran have assets worldwide, US and EU would already freeze them as they did to Gadafi, but they can't, because they are in Iran. Iran evacuate assets home same as Venezuela did.

[Camera]

Do you know if there's any solid proof on that? AFAIK there's really only suspicions that they might be working on something since 2003.

That said, if there's ever real objective solid proof put forward I'd be happy to see Iran get bombed, I haven't seen any but could've missed it. But I don't wish to see an "Iraq 2.0".

Read the last report of the IAEA.

[Camera]

If Iran have assets worldwide, US and EU would already freeze them as they did to Gadafi, but they can't, because they are in Iran. Iran evacuate assets home same as Venezuela did.

Iran does have assets worldwide and the position of some of them is dynamic: Iranian ships and tankers could be seized at any port. Same thing for commercial planes at international airports...
If Iran breaks the contracts, the price it will pay such thing could be very heavy.

Also, freezing of banking assets is one thing. Seizure of the assets is quite another.

[Armed with RPG]

Iam expecting Monday to be a tough day for all the European countries...

[Redox]

EU impose embargo to Iran intentionally to harm Iranian people and Iranian economy, what is act of hostility (as war declaration). It could be seen as criminal act not as a usual decision of buyer to buy in other markets. Iran have no obligations to EU for any reparations or penalties. All consequences go to EU, because EU start with hostilities.

Not buying someones goods is an act of war? Wat?

Damn good thing Apple doesnt know that I have an embargo on them.

[themacedonian]

Iam expecting Monday to be a tough day for all the European countries...

great first post. Yes monday will be a tough day.

Iran can do anything now. They can stop deliveries at once. Any court action takes time and no penalties or ships can be confiscated until a court delivers a judgement. That could take 2-3 years.

[Ambassador]

Read the last report of the IAEA.

Read his post again, there's only suspicion, albeit a strong one, but not an ensured guarantee. The same suspicion has once been mounted on the South Korean government.

[medo]

Not buying someones goods is an act of war? Wat?

Damn good thing Apple doesnt know that I have an embargo on them.

This is not the same thing. If I don't buy Apple, because I don't have money it's not embargo, but my financial decision. If state put a law, which forbid me to buy Apple, this is embargo and I will be punished if I buy it. Law forbidding buying goods from someone is act of hostilities, because it gives punishments if you still buy those goods. EU start hostilities with Iran. If EU didn't impose embargo, Iran would still sell oil and gas to EU.

[Camera]

great first post. Yes monday will be a tough day.

Iran can do anything now. They can stop deliveries at once. Any court action takes time and no penalties or ships can be confiscated until a court delivers a judgement. That could take 2-3 years.

Obviously you don't know much about Justice. When the breach is EVIDENT - lack of payment, lack of delivery - the procedure could be very quick. (A mutter of weeks.)
The procedure is long for the study in depth of the case.

[Camera]

Read his post again, there's only suspicion, albeit a strong one, but not an ensured guarantee. The same suspicion has once been mounted on the South Korean government.

Cumulated with the continued violations of the TNP and of the UNSC's resolutions, it's enough for Europe.

[Camera]

This is not the same thing. If I don't buy Apple, because I don't have money it's not embargo, but my financial decision. If state put a law, which forbid me to buy Apple, this is embargo and I will be punished if I buy it. Law forbidding buying goods from someone is act of hostilities, because it gives punishments if you still buy those goods. EU start hostilities with Iran. If EU didn't impose embargo, Iran would still sell oil and gas to EU.

Both parties are bided by the existing contracts. Europe has the right to refuse to sign new ones. It's a simple as that.

[Ambassador]

Cumulated with the continued violations of the TNP and of the UNSC's resolutions, it's enough for Europe.

A guarantee?

[Camera]

A guarantee?

What guarantee? It's enough for us to sanction Iran. It's our sovereign decision.

[themacedonian]

Obviously you don't know much about Justice. When the breach is EVIDENT - lack of payment, lack of delivery - the procedure could be very quick. (A mutter of weeks.)
The procedure is long for the study in depth of the case.

I do not claim I do. I am just expressing my personal opinion at the moment. I can call a friend for a more professional take on such a matter.

If there is an existing contract to supply a commodity that is done on either state level or company to company level. There are always provisions and clauses in such a contract and penalties of course.

I can not imagine that all long term contracts with EU countries would all suddenly end in July. There might be some contract breaking on the EU side.

[Camera]

Hope this isn't a repost, I did try a search
Iran Oil Export Curbs Extend to 95% of Tankers in Europe’s Insurance Rules

By Isaac Arnsdorf - Jan 27, 2012 10:28 AM AT
European Union sanctions on Iranian oil will extend to about 95 percent of tankers because they are insured under rules governed by European law.
The International Group of P&I Clubs insures all but 5 percent of the global tanker fleet and its 13 member clubs follow European rules to participate in the claim-sharing pool, said Andrew Bardot, the London-based secretary and executive officer. Carrying Iranian oil would invalidate the ships’ cover against risks including spills and collisions, he said.
(more at)
http://www.bloomberg.com/news/2012-0...nce-rules.html

This will have strong consequences for the ability of Iran to export it's crude to any country in the world.