Managed by Jack Qin; was used by Qin to facilitate shipments of dual-use goods to Abdollah Asgharzadeh in Iran; some items were ultimately destined for U.N.-sanctioned Shahid Hemat Industrial Group (SHIG).
Added on February 3, 2017 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction (WMD) and their delivery systems; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions.
Sanctioned (with all successors, sub-units, and subsidiaries) by the United States on June 28, 2016 under the Iran, North Korea, and Syria Nonproliferation Act; sanctions apply for two years and ban the U.S. government from procuring from, contracting with, or providing assistance to the entity.
Provides shipping and transport agency services; imports and exports coal products, metals, mechanical parts, fuel oil pumps, and magnetic survey apparatuses; other products include motor commutators, steering knuckles, and forging, machining, and stamping components.
Subsidiaries include Ningbo New Century Customs Brokerage Co., Ltd.; Huake International (also known as Huak International) is reportedly also a subsidiary; affiliated with Do Best Industry Co., Ltd.
Company personnel include Chen Desong (executive member of the board), Jiang Zhenhui (supervisor), Wuda Guo, Jack Lee, and Emily Zheng; established in 1992.
|ENTITY ALIASES:||New Century Import and Export Co. Ltd.|
|ADDRESS:||5 Hongtang South Road, Jiangbei, Ningbo 315033, China|