Print PDF

FMC Reviewing Requirement for Quarterly Reports on Maritime Agreements

Tuesday, September 10, 2013
Sandler, Travis & Rosenberg Trade Report

The Federal Maritime Commission is inviting comments no later than Oct. 10 on the proposed extension without change of the quarterly reports required to be filed on forms FMC-150 and FMC-151 concerning the operation of ocean common carrier and marine terminal operator agreements. These reports assist the FMC in fulfilling its statutory mandate of overseeing the activities of the ocean transportation industry and determining how or if those activities may reduce competition, thus producing an unreasonable reduction in transportation service or an unreasonable increase in transportation cost. If it is shown, based on information collected under this rule, that an agreement is likely to have such adverse effects, the FMC may bring suit in the U.S. District Court for the District of Columbia to enjoin the operation of that agreement.

To get news like this in your inbox daily, subscribe to the Sandler, Travis & Rosenberg Trade Report.

Customs & International Headlines