Explanatory Note

(This note is not part of the Order)

This Order, made under the United Nations Act 1946, imposes in the Channel Islands restrictions, pursuant to a decision of the Security Council of the United Nations in Resolution No.757 of 30th May 1992, on the export of goods to Serbia and Montenegro and on the supply of goods to persons connected therewith, and on the importation of goods therefrom. It restricts certain related activities including the carriage of prohibited goods in ships and aircraft. The Order places restrictions on the servicing and insurance of aircraft of Serbia and Montenegro. It also restricts the making of payments under any bond in respect of a contract the performance of which is unlawful by virtue of the Order and prohibits the making of or obtaining payments under certain indemnities in respect of such bonds. The Order also places restrictions on certain actions making available or otherwise transferring funds or other financial or economic resources to or for the benefit of persons connected with Serbia or Montenegro.