FMC to Amend NRA Final Rule to Eliminate FMC-1 Requirement, Etc.
On April 7, 2011, the Federal Maritime Commission announced that it is correcting its final rule to exempt licensed non-vessel operating common carriers that enter into negotiated rate arrangements (NRAs) from the tariff rate publication requirements of the Shipping Act…
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of 1984, effective April 18, 2011. FMC states that the corrections will clarify that the NRA must be agreed to prior to receipt of the cargo and remove the requirement that NVOCCs indicate their intention to move cargo under NRAs on their Form FMC-1 on file with FMC. Announcement available here. See future issue for detailed summary.