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Vessel Carrier Seeks Waiver from FMC Rules for Upcoming Acquisition

Thursday, October 15, 2015
Sandler, Travis & Rosenberg Trade Report

The Federal Maritime Commission is inviting through Oct. 23 comments on a petition from Crowley Caribbean Services LLC and Crowley Latin America Services LLC requesting an exemption from FMC rules requiring individual service contract amendments.

Noting that on or about Oct. 31 Crowley will acquire the assets of ocean common carrier Seafreight Line Ltd., including its service contracts, the petitioners are asking the FMC to permit the submission of a universal notice to the FMC and all affected service contract parties in lieu of requiring individual filings reflecting amendment by mutual agreement. In addition, because existing tariffs must be renumbered and republished due to this acquisition, the petitioners are seeking a waiver to permit the insertion of notices in existing Seafreight tariffs and new “Crowley d/b/a Seafreight” tariffs so they do not have to amend each individual contract. Finally, the petitioners have separately committed to provide each service contract shipper counter-party with electronic notice of this corporate change.

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