Foreign NVOCCs Must Renew Registration with FMC by October 17

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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Topics:  Exemptions, Federal Maritime Commission, Negotiated Rate Agreements, NVOCCs, Registration, Shipping

Published In: General Business Updates, 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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