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

Legal

Timing in Doubt on Hapag-Lloyd IPO

German container shipping group Hapag-Lloyd has taken further steps in preparation of a stock market listing and has mandated more banks for the move, but it remains

Rosneft, Gazprom to Receive Four Arctic Fields

Ministry of the Environment sent to the government documents on the transfer of "Rosneft" and "Gazprom" licenses for the development of four more fields on the Arctic shelf,

Virginia-Class Submarine Named USS Iowa

Secretary of the Navy Ray Mabus hosted a ship-naming ceremony today in Ames, Iowa to announce that SSN 797, a Virginia-class attack submarine, will bear the name USS Iowa.

Coast Guard

Mississippi River Closed Due to Collision, Spill

A unified command team continues its response Friday to an oil spill in the Mississippi River following a collision between two towboats at mile marker 937 in Paducah

Austal Delivers Final Cape Class Patrol Boat

Cape York, the last of eight new Cape Class Patrol Boats for Australian Border Force (formerly Australian Customs and Border Protection) has been delivered by shipbuilder

Ailing Crewman Medevaced from Cable Lay Ship off US

A crew member reportedly suffering from a heart attack was air lifted by a U.S. Coast Guard helicopter crew from a cable-laying vessel 80 miles west of Coos Bay, Ore.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators Sonar
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: 0.3169 sec (3 req/sec)