FMC Approves NVOCC Service Arrangements Rulemaking

Thursday, December 16, 2004
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, to exempt non-vessel-operating common carriers (NVOCCs) from the publication requirements of the Shipping Act of 1984, subject to certain conditions. The Final Rule will allow NVOCCs and their affiliates to offer NVOCC Service Arrangements, or NSAs, to their shipper customers. NVOCCs will now be permitted to agree, on a confidential basis, with their shipper customers on the terms and conditions of service. Cargo moved under NSAs will be exempt from the tariff publication requirements of the Shipping Act.

The Final Rule permits NVOCCs acting as carriers to offer NSAs to non-NVOCC shippers. The Commission found that, in light of recent judicial determinations, it must limit the exemption in such a way in order to meet the substantive requirements of its exemption authority under section 16 of the Shipping Act of 1984 to ensure against substantial harm to competition. The Final Rule will become effective on January 19, 2005.

In filed comments, numerous individual NVOCCs and NVOCC trade associations urged the Commission to act as expeditiously as possible to grant the proposed relief. Chairman Steven R. Blust remarked, "The Rulemaking will provide shippers with a broader range of service options, and greater opportunities for integrated supply chain solutions. I am confident that, as the use of NSAs develops over time, they will ultimately lead to greater competition and a more efficient shipping industry."

(HK Law)

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

AVEVA, DNV GL's Sesam Integration Cuts Cost

Integration of Aveva and DNV GL's Sesam Reduces Costs in Maritime and Offshore Engineering. Engineers designing ship hulls and offshore floaters can now save

FORAN for Pertamina's Future Ships

FORAN has been chosen by state-owned company PERTAMINA to review the design of their future oil product carrier ships, under construction in a shipyard with the FORAN System.

U.S. Draft Recovery Plan for Threatened Polar Bears

U.S. wildlife managers released on Thursday a draft plan for stemming the decline of polar bears threatened by melting Arctic sea ice linked to global warming,

Coast Guard

Passenger Ferry Capsizes in the Philippines, Nearly 40 Dead

MBCA Kim Nirvana, a passenger boat carrying 189 people has capsized in the central Philippines, minutes after leaving port, the Philippine Red Cross and coast guard spokesman Cmdr.

Injured Fisherman Medevaced off Alaska

An injured mariner was medevaced by U.S. Coast Guard (USCG) personnel near Sand Point, Wednesday, the USCG reported. Watchstanders at USCG District 17 command

Terrorists Will Exploit EU Migrant Crisis, ESC Warns

ESC Global Security has called for the Mediterranean to be classed a maritime High Risk Area in the wake of the terrorist atrocities in Tunisia and Europe’s escalating migration crisis.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Ship Repair Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1063 sec (9 req/sec)