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New and Amended Maritime Agreements Filed

Tuesday, August 15, 2017
Sandler, Travis & Rosenberg Trade Report

The Federal Maritime Commission has issued notice that the following new or amended agreements have been filed. Interested parties may submit comments by Aug. 28.

- The World Liner Data Agreement (Maersk Line A/S; CMA CGM S.A.; COSCO Shipping Lines Co., Ltd.; Hamburg-Sud; Hapag-Lloyd AG; Mediterranean Shipping Company S.A.; Orient Overseas Container Line Ltd.; United Arab Shipping Company S.A.G.; Hyundai Merchant Marine Co., Ltd.; Evergreen Line Joint Service Agreement; Nile Dutch Africa Line B.V.; Zim Integrated Shipping Services Limited; and Independent Container Line Ltd.) – The amendment deletes ANL and Hanjin as parties and adds COSCO and Nile Dutch as parties.

The COSCO Shipping/KL/YMUK/ELJSA Slot Allocation and Sailing Agreement (COSCO Shipping Lines Co., Ltd., Limited; Kawasaki Kisen Kaisha, Ltd.; Yang Ming (UK) Ltd.; Hanjin Shipping Co., Ltd.; and the Evergreen Line Joint Service Agreement) – The amendment deletes Hanjin Shipping as a member of the agreement, changes the name of the agreement accordingly, and updates the name of COSCO Shipping.

THE Alliance Agreement (Hapag-Lloyd AG and Hapag-Lloyd USA LLC (acting as one party); Kawasaki Kisen Kaisha, Ltd.; Mitsui O.S.K. Lines, Ltd.; Nippon Yusen Kaisha; and Yang Ming Marine Transport Corp.) – The amendment authorizes the parties to form, contribute funds to, develop rules for, and administer a contingency fund designed to protect against the effects of one of the parties experiencing financial distress or an insolvency event.

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