FMC Publishes Proposed OTI Rules, Seeks Public Comment

On May 31, 2013, the Federal Maritime Commission (FMC) published an Advance Notice of Proposed Rule regarding Ocean Transportation Intermediaries (OTI) in the Federal Register (78 Fed. Reg. 32,946 (Federal Maritime Commission May 31, 2013), available here.) This publication started a 60-day notice and comment period, during which affected or interested parties, including US and foreign-based non-vessel-operating common carriers (NVOCC) and US-based freight forwarders, can provide feedback, objections, and other commentary on the Proposed Rule.

The proposed rewrite of the OTI rules represents the first substantive revisit of regulatory requirements for forwarders and NVOCCs since the late 1990s, when the FMC implemented the statutory changes ushered in by the Ocean Shipping Reform Act of 1998.

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Topics:  Federal Maritime Commission, Licenses, NVOCCs, Ocean Transportation System, Proposed Regulation, Public Comment

Published In: International Trade Updates, Maritime Updates, Transportation Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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