The Federal Maritime Commission issued a new rule earlier this year that, effective July 19, registered, foreign-based NVOCCs may take advantage of Negotiated Rate Arrangements (NRAs), in lieu of published rates in their tariffs. Please see our February 2013 International Trade Alert.
In order to take advantage of the NRA exemption, which exempts NVOCCs from the tariff publishing requirements of the Shipping Act of 1984 (the Shipping Act) and Federal Maritime Commission (FMC) regulations, a foreign-based, registered NVOCC must comply with the new registration requirements, including...
Please see full alert below for more information.
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