Tuesday, July 28, 2009

Federal Maritime Commission still has a job to do

I still find it rather strange the requirement for tariff and contract filing with the Federal Maritime Commission is still in place.

But, it is, and people continue to violate the rules.

At least the FMC is collecting some money to offset part of their expense.

From the Journal of Commerce

FMC Assesses $748,000 in Penalties

Hanjin Shipping paid the Federal Maritime Commission $440,000 to settle allegations that it violated the Shipping Act of 1984, the commission announced this week. Hanjin allegedly charged shippers less-than-tariff rates, and allowed access to contract rates for ocean transportation intermediaries that were not signatories.

Then there's a whole bunch of freight forwarders/OTI's/NVOCC'S they went after.

click here for link to complete article

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