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New Rule Creates Flexibilities for NVOCC Agreements
A Final Rule published today by the U.S. Federal Maritime Commission (FMC) offering deregulatory flexibilities for non-vessel-operating common carrier (NVOCC) negotiated rate arrangements (NRAs) and NVOCC service arrangements (NSAs) will go into force on August 22, 2018.The key changes to NRAs allow them to be amended at any time; allow the inclusion of non-rate economic terms; and, allow an NVOCC to provide for shipper’s acceptance of the NRA by booking a shipment.
Final OTI Rules Approved
The Commission voted at its meeting 22nd October to issue a final rule on ocean transportation intermediary (OTI) licensing and financial responsibility requirements…
FMC's Doyle Among Key White House Nominations
President Barack Obama last week announced 11 nominations to key Administration posts. Among them was William P. Doyle, who currently serves as a Commissioner of the Federal Maritime Commission.
FMC Approves NVOCC Service Arrangements Rulemaking
The Federal Maritime Commission announced that it would issue a Final Rule in Docket No. 04-12, Non-Vessel-Operating Common Carrier Service Arrangements, 46 CFR Part 531…
NVOCC Service Arrangements
The Federal Maritime Commission (FMC) promulgated its final rule exempting non-vessel-operating common carriers (NVOCCs) from tariff publication requirements of the Shipping Act of 1984…
FMC Denies NVOCC Service Arrangements Petitions
The Federal Maritime Commission (FMC) issued an Order denying petitions filed by two shippers associations seeking reconsideration of the previous FMC rulemaking…
Creel Addresses Transportation Management Conference
The following are remards by the Honorable Harold J. Creel, Jr., Federal Maritime Commisioner, as prepared for presentation at the International Transportation Management Conference in Houston.