ILMA Compoundings – October 2019 - 23

Continued from page 20
and their respective locations, such as customers, beneficiaries,
corresponding banks and others); (2) a description of the goods
or services that are the subject of the transaction; and (3) the
legal authority or authorities under which the transaction was
rejected. As uncomfortable as it might be, the report requires the
identity of all parties that are involved directly or indirectly in
the transaction. Similarly, the description of the goods or services
must provide sufficient detail to provide transparency concerning
the likely benefit to the parties. Citation of the legal authorities
serving as the basis for the rejection requires care, particularly from the standpoints of specificity and completeness.
The transparency required in the report can pose uncomfortable overtones that could impact one or more of the
relationships with other parties to the transaction. Potential
repercussions might not occur directly, but the process
might have a chilling effect on some of the relationships,
including those with supporting financial institutions.
The potential discomfort of this situation can be compounded by the fact that the report must be submitted within

10 days following the rejection. The complexity of gathering
and wordsmithing the report details leaves little time to
negotiate political concerns among the parties involved.
Preparedness for these reporting scenarios is paramount.
REPORTING NOT OPTIONAL
Despite the above discussion that might seem to disincentive a decision to report, I cannot emphasize enough the fact
that erring on the side of reporting, where circumstances are
unclear, is the prudent approach. Consequences attributable
to failure to report are onerous. Fines and penalties are
meaningful in and of themselves. The reputational damage
with OFAC and related agencies that can follow a mistaken
decision to remain silent are worse.
Eggenschwiler, an ILMA consultant, is an
international trade attorney and director of global
trade for the Redstone Group, a Trinity Consultants
company. He can be reached at 614-923-7472
or jeggenschwiler@redstonegrp.com.

More Than Just a Drop in the Bucket
Antioxidants
®

VANLUBE AZ

VANLUBE EZ

VANLUBE RD

*VANLUBE 81

VANLUBE 887
VANL

*VANLUBE 961

VANLUBE 1202

*VANLUBE 7723

VANLUBE BHC

*VANLUBE
VANLUBE 996E*

*VANLUBE 407*

VANLUBE PA

Friction Reducers/EP-Antiwear Agents
MOLYVAN® L

MOLYVAN 822

MOLYVAN 855

VANLUBE 73

VANLUBE
E 73 Super Plus

*VANLUBE 829

VANLUBE 871

VANLUBE 972M

*VANLUBE 7611M

VANLUBE 8610

*VANLUBE 9123

*VANLUBE 7723

*MOLYVAN 3000*

*MOLYVAN
MOLYVAN FEI PLUS*
PLUS

*VANLUBE W-324*

*TPS™ 20, 30 & 44*

*VANLUBE 289*

*VANLUBE 972NT*

*VANLUBE
VANLUBE 0902
0902*

Our technical
tec nical staff can
help you create superior
products.

Metal Deactivators
®

*CUVAN 303

CUVAN 826

VANLUBE 601E

VANLUBE 704S

*VANLUBE RI-A

VANLUBE RI-G

NACAP®

VANCHEM® NATD

Today's high performance
p for
e
lubricants require
high performance
fo mance
additives.

VA
VANLUBE
601

Contact us to find out
how...

Rust Inhibitors
VANLUBE 8912E

*VANLUBE
VANLUBE RI-BSN*
RI-BSN
RI-B

*VANLUBE
VANLUBE RI-CSN*
RI-CSN

*VANLUBE RI-ZSN*

We have over 50 lubricant additives available to meet your
specific requirements.

*NSF

®

Certified

*NEW PRODUCTS*

VANDERBILT CHEMICALS, LLC
CERTIFIED TO ISO 9001:2015
10002461

30 Winfield Street, P.O. Box 5150, Norwalk, CT 06856-5150 ● (203) 853-1400

Vanderbilt Chemicals, LLC petro@vanderbiltchemicals.com * www.vanderbiltchemicals.com
A Wholly Owned Subsidiary of R.T. Vanderbilt Holding Company, Inc.

Registered and pending trademarks appearing in these materials are those of R.T. Vanderbilt Holding Company, Inc. or its respective
wholly owned subsidiaries. For complete listings, please visit this location for trademarks, www.rtvanderbiltholding.com.

23


http://www.vanderbiltchemicals.com http://www.rtvanderbiltholding.com

ILMA Compoundings – October 2019

Table of Contents for the Digital Edition of ILMA Compoundings – October 2019

LETTER FROM THE PRESIDENT
LETTER FROM THE CEO
INSIDE ILMA
WHAT’S COMING UP
NEW MEMBERS
INDUSTRY RUNDOWN
In the Know
International Insight
Market Report
THE ART OF APPRENTICESHIPS
SPEAKING A DIFFERENT LANGUAGE
ANNUAL MEETING SPEAKER SPOTLIGHT
BUSINESS HUB
COUNSEL COMPOUND
WASHINGTON LANDSCAPE
IN NETWORK
Member Connections
Cross Connections
PORTRAIT
ILMA Compoundings – October 2019 - Cover1
ILMA Compoundings – October 2019 - Cover2
ILMA Compoundings – October 2019 - 1
ILMA Compoundings – October 2019 - 2
ILMA Compoundings – October 2019 - 3
ILMA Compoundings – October 2019 - 4
ILMA Compoundings – October 2019 - LETTER FROM THE PRESIDENT
ILMA Compoundings – October 2019 - 6
ILMA Compoundings – October 2019 - LETTER FROM THE CEO
ILMA Compoundings – October 2019 - 8
ILMA Compoundings – October 2019 - 9
ILMA Compoundings – October 2019 - INSIDE ILMA
ILMA Compoundings – October 2019 - 11
ILMA Compoundings – October 2019 - WHAT’S COMING UP
ILMA Compoundings – October 2019 - 13
ILMA Compoundings – October 2019 - 14
ILMA Compoundings – October 2019 - NEW MEMBERS
ILMA Compoundings – October 2019 - INDUSTRY RUNDOWN
ILMA Compoundings – October 2019 - 17
ILMA Compoundings – October 2019 - 18
ILMA Compoundings – October 2019 - In the Know
ILMA Compoundings – October 2019 - International Insight
ILMA Compoundings – October 2019 - 21
ILMA Compoundings – October 2019 - 22
ILMA Compoundings – October 2019 - 23
ILMA Compoundings – October 2019 - Market Report
ILMA Compoundings – October 2019 - 25
ILMA Compoundings – October 2019 - THE ART OF APPRENTICESHIPS
ILMA Compoundings – October 2019 - 27
ILMA Compoundings – October 2019 - 28
ILMA Compoundings – October 2019 - 29
ILMA Compoundings – October 2019 - 30
ILMA Compoundings – October 2019 - 31
ILMA Compoundings – October 2019 - SPEAKING A DIFFERENT LANGUAGE
ILMA Compoundings – October 2019 - 33
ILMA Compoundings – October 2019 - 34
ILMA Compoundings – October 2019 - 35
ILMA Compoundings – October 2019 - 36
ILMA Compoundings – October 2019 - 37
ILMA Compoundings – October 2019 - ANNUAL MEETING SPEAKER SPOTLIGHT
ILMA Compoundings – October 2019 - 39
ILMA Compoundings – October 2019 - BUSINESS HUB
ILMA Compoundings – October 2019 - 41
ILMA Compoundings – October 2019 - 42
ILMA Compoundings – October 2019 - 43
ILMA Compoundings – October 2019 - COUNSEL COMPOUND
ILMA Compoundings – October 2019 - 45
ILMA Compoundings – October 2019 - 46
ILMA Compoundings – October 2019 - 47
ILMA Compoundings – October 2019 - WASHINGTON LANDSCAPE
ILMA Compoundings – October 2019 - 49
ILMA Compoundings – October 2019 - Member Connections
ILMA Compoundings – October 2019 - 51
ILMA Compoundings – October 2019 - Cross Connections
ILMA Compoundings – October 2019 - 53
ILMA Compoundings – October 2019 - 54
ILMA Compoundings – October 2019 - 55
ILMA Compoundings – October 2019 - 56
ILMA Compoundings – October 2019 - 57
ILMA Compoundings – October 2019 - 58
ILMA Compoundings – October 2019 - 59
ILMA Compoundings – October 2019 - PORTRAIT
ILMA Compoundings – October 2019 - Cover3
ILMA Compoundings – October 2019 - Cover4
https://www.nxtbook.com/ygsreprints/ILMA/G124996_ILMA_vol71_no4
https://www.nxtbook.com/ygsreprints/ILMA/G123886_ILMA_vol71_no3
https://www.nxtbook.com/ygsreprints/ILMA/G123315_ILMA_vol71_no2
https://www.nxtbook.com/ygsreprints/ILMA/G122980_ILMA_vol71_no1
https://www.nxtbook.com/ygsreprints/ILMA/G121540_ILMA_vol70_no11
https://www.nxtbook.com/ygsreprints/ILMA/G120882_ILMA_vol70_no10
https://www.nxtbook.com/ygsreprints/ILMA/G120035_ILMA_vol70_no9
https://www.nxtbook.com/ygsreprints/ILMA/G121XXX_ILMA_vol70_no8
https://www.nxtbook.com/ygsreprints/ILMA/G120XXX_ILMA_vol70_no7
https://www.nxtbook.com/ygsreprints/ILMA/G119XXX_ILMA_vol70_no6
https://www.nxtbook.com/ygsreprints/ILMA/G118112_ILMA_vol70_no5
https://www.nxtbook.com/ygsreprints/ILMA/G117382_ILMA_vol70_no4
https://www.nxtbook.com/ygsreprints/ILMA/G116888_ILMA_vol70_no3
https://www.nxtbook.com/ygsreprints/ILMA/G115555_ILMA_vol70_no2
https://www.nxtbook.com/ygsreprints/ILMA/G114774_ILMA_vol70_no1
https://www.nxtbook.com/ygsreprints/ILMA/g110500_ILMA_vol69_no12
https://www.nxtbook.com/ygsreprints/ILMA/g110500_ILMA_vol69_no11
https://www.nxtbook.com/ygsreprints/ILMA/g110500_ILMA_vol69_no10
https://www.nxtbook.com/ygsreprints/ILMA/g109884_ILMA_vol69_no9
https://www.nxtbook.com/ygsreprints/ILMA/g109284_ILMA_vol69_no8
https://www.nxtbook.com/ygsreprints/ILMA/g108494_ILMA_vol69_no7
https://www.nxtbook.com/ygsreprints/ILMA/g107507_ILMA_vol69_no6
https://www.nxtbook.com/ygsreprints/ILMA/g106483_ILMA_vol69_no5
https://www.nxtbook.com/ygsreprints/ILMA/g105803_ILMA_vol69_no4
https://www.nxtbook.com/ygsreprints/ILMA/g104743_ILMA_vol69_no3
https://www.nxtbook.com/ygsreprints/ILMA/g103647_ILMA_vol69_no2
https://www.nxtbook.com/ygsreprints/ILMA/g102869_ILMA_vol69_no1
https://www.nxtbook.com/ygsreprints/ILMA/g101930_ILMA_vol68_no12
https://www.nxtbook.com/ygsreprints/ILMA/g100836_ILMA_vol68_no11
https://www.nxtbook.com/ygsreprints/ILMA/g99200_ILMA_vol68_no10
https://www.nxtbook.com/ygsreprints/ILMA/g98468_ILMA_vol68_no9
https://www.nxtbook.com/ygsreprints/ILMA/g97711_ILMA_vol68_no8
https://www.nxtbook.com/ygsreprints/ILMA/G96767ILMA_vol68_no7
https://www.nxtbook.com/ygsreprints/ILMA/G95397ILMA_vol65_no6
https://www.nxtbook.com/ygsreprints/ILMA/G94323ILMA_vol68_no5
https://www.nxtbook.com/ygsreprints/ILMA/G93127_ILMA_vol69_no4
https://www.nxtbook.com/ygsreprints/ILMA/G91785_ILMA_vol68_no3
https://www.nxtbook.com/ygsreprints/ILMA/G90956_ILMA_vol68_no2
https://www.nxtbook.com/ygsreprints/ILMA/G89146_ILMA_vol68_no1
https://www.nxtbook.com/ygsreprints/ILMA/G87981_ILMA_vol67_no12
https://www.nxtbook.com/ygsreprints/ILMA/G85409_ILMA_vol67_no11
https://www.nxtbook.com/ygsreprints/ILMA/G83595_ILMA_vol67_no10
https://www.nxtbook.com/ygsreprints/ILMA/G81672_ILMA_vol67_no9
https://www.nxtbook.com/ygsreprints/ILMA/G80238_ILMA_vol7_no8
https://www.nxtbook.com/ygsreprints/ILMA/G79388_ILMA_vol7_no7
https://www.nxtbook.com/ygsreprints/ILMA/G78361_ILMA_vol7_no6
https://www.nxtbook.com/ygsreprints/ILMA/G77448_ILMA_vol7_no5
https://www.nxtbook.com/ygsreprints/ILMA/G75899_ILMA_vol67_no4
https://www.nxtbook.com/ygsreprints/ILMA/G75036_ILMA_vol67_no3
https://www.nxtbook.com/ygsreprints/ILMA/G72720_ILMA_vol67_no2
https://www.nxtbook.com/ygsreprints/ILMA/G72220_ILMA_vol67_no1
https://www.nxtbook.com/ygsreprints/ILMA/G70970_ILMA_vol66_no12
https://www.nxtbook.com/ygsreprints/ILMA/G69813_ILMA_vol66_no11
https://www.nxtbook.com/ygsreprints/ILMA/G67522_ILMA_vol66_no10
https://www.nxtbook.com/ygsreprints/ILMA/G66343_ILMA_vol66_no9
https://www.nxtbook.com/ygsreprints/ILMA/G64859_ILMA_vol66_no8
https://www.nxtbookmedia.com