Friday, 01 December 2017 12:45

FMC proposes changes to oversight of certain arrangements

FMC

The Federal Maritime Commission (FMC) is seeking comments on proposals to expand flexibility and deregulate NVOCC Service Arrangements (NSAs) and Negotiated Rate Arrangements (NRAs). There are three key changes in the proposed rule:

  • ending requirement for NSAs to be filed with the Commission;
  • permitting NVOCCs and shippers to amend NRAs; and,
  • allowing the act of booking cargo to be considered acceptance of a rate under the terms of an NRA.

The Commission also invites comments on amending the NRA rules to allow inclusion of non-economic rate terms.

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