FMC Eases Ocean Shipping Regulations

The Federal Maritime Commission (FMC) today voted to amend its rules involving service contracts and NVOCC service arrangements (NSAs). It is the first comprehensive review of the commission’s service contract regulations since promulgated under the Ocean Shipping Reform Act of 1998, and also the first substantive revision to NVOCC service arrangements since 2005.

The new rule makes the following changes to commission regulations:

• It allows the filing of sequential service contract amendments with the FMC within 30 days of the effective date of an agreement between shipper and carrier.

• It allows up to 30 days for filing NVOCC Service Arrangement Agreements with the FMC after their effective date.

• It allows additional time to correct technical data transmission errors from 48 hours to 30 days.

• It extends the period for filing a service contract correction request from 45 days to 180 days.

(Global Trade)