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$135,000 Penalty for Vessel Agreements Not Filed with FMC

Monday, September 21, 2015
Sandler, Travis & Rosenberg Trade Report

The Federal Maritime Commission announced Sept. 17 a compromise agreement with a vessel-operating common carrier based in Norway following its submission of a voluntary disclosure that certain space charter agreements covering the roll-on, roll-off transportation of new and used automobiles and other rolling stock in U.S. trades had not been filed with the FMC or become effective under the Shipping Act. The FMC notes that this carrier worked cooperatively with the agency’s Bureau of Enforcement to address and correct the potential violations and has agreed to provide ongoing cooperation with other FMC investigations or enforcement actions with respect to these activities. In addition, all agreements in which this carrier currently shares space with other ro-ro operators have since been filed with the FMC. In light of the remedial measures undertaken and the voluntary nature of the disclosure, the compromise agreement provided for $135,000 in penalties.

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