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11.—(1) A person to whom this Order applies (“P”) commits an offence if P knowingly —
(a)imports crude oil or petroleum products listed in Annex IV to the Council Regulation into the Territory if the products originated in Syria, or have been exported from Syria;
(b)purchases crude oil or petroleum products listed in Annex IV which are located in or which originated in Syria;
(c)transports crude oil or petroleum products listed in Annex IV if the products originated in Syria, or are being exported from Syria to any other country; or
(d)provides (directly or indirectly) financing or financial assistance (including financial derivatives, insurance and reinsurance) related to the import, purchase or transport of crude oil and petroleum products listed in Annex IV if the products originated in Syria, or have been imported from Syria.
(2) Paragraph (1) does not apply if P is acting under the authority of a licence granted by the Governor under this Order.
(3) Paragraph (1) does not apply to—
(a)the execution of an obligation arising from a contract concluded before the date on which this Order comes into force, or
(b)the purchase of crude oil or petroleum products which had been exported from Syria before the date on which this Order comes into force or, where the export was made pursuant to paragraph (a), on or before that date,
if the person, entity or body seeking to perform the obligation concerned has notified the transaction or activity to the Governor of the Territory in which it is established at least 7 working days in advance.
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