Specific License

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Multiple Choice

Specific License

A specific license is issued on a case-by-case basis by the sanctioning authority to authorize a particular transaction that would otherwise be prohibited. This means each request is evaluated individually, considering the specifics of the parties, purpose, destination, and potential risks. It is not automatically granted, nor is it blanket permission for all transactions. There are general licenses that authorize certain categories of activity without this individual review, but a specific license applies only to the narrowly defined case at hand. If no general license covers the activity and a restriction applies, a license may be required and must be granted for the transaction to proceed.

A specific license is issued on a case-by-case basis by the sanctioning authority to authorize a particular transaction that would otherwise be prohibited. This means each request is evaluated individually, considering the specifics of the parties, purpose, destination, and potential risks. It is not automatically granted, nor is it blanket permission for all transactions. There are general licenses that authorize certain categories of activity without this individual review, but a specific license applies only to the narrowly defined case at hand. If no general license covers the activity and a restriction applies, a license may be required and must be granted for the transaction to proceed.

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