News
Print PDF

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.

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

Customs & International Headlines