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The FMC regulations define "NVOCC" as a common carrier that does not operate the vessels by which the ocean transportation is provided, and is a shipper in its relationship with an ocean common carrier. [8] Licensing requirements. OTIs must be licensed by the FMC before they perform OTI services in the United States. [9]
An ocean transportation intermediary (OTI) is a company that is licensed by the Federal Maritime Commission (FMC) to operate in the United States as an ocean freight forwarder, non-vessel operating common carrier , or both. [1]
Enforcement of nondiscrimination on the basis of handicap in programs or activities conducted by the Federal Maritime Commission: 508 Employee ethical conduct standards and financial disclosure regulations 515 Licensing, financial responsibility requirements, and general duties for ocean transportation intermediaries 520 Carrier automated ...
International ocean freight forwarders arranging for shipments to and from the US must be licensed by the Federal Maritime Commission as ocean transportation intermediaries, who are ocean freight forwarders or non-vessel-operating common carriers (NVOCC). NVOCCs dispatch shipments from the United States via common carriers and books or ...
Company name Headquarters Total TEU Ships Market share Notes Alliance 1 Mediterranean Shipping Company (MSC) Switzerland: 6,408,597 889 20.2% [Note 1] 2 Maersk Denmark: 4,536,588 735 14.3% [Note 2] Gemini 3 CMA CGM France: 3,875,593 664 12.7% [Note 3] Ocean Alliance 4 COSCO Shipping Lines (COSCO) China: 3,351,669 519 10.6% [Note 4] Ocean Alliance 5
Federal Maritime Commission, a regulatory agency of the United States federal government; Federal Medical Center, part of the United States Bureau of Prisons; Federation of Cuban Women (Spanish: Federación de Mujeres Cubanas), part of the Communist Party of Cuba; Forward Markets Commission, part of the Indian Ministry of Finance
The California Department of Motor Vehicles (DMV) is the state agency that registers motor vehicles and boats and issues driver licenses in the U.S. state of California. It regulates new car dealers (through the New Motor Vehicle Board), commercial cargo carriers, private driving schools, and private traffic schools.
The California Consumer Financial Protection Law (CCFPL) gave the DFPI expanded enforcement powers to protect California consumers from unfair, deceptive, or abusive practices committed by unlicensed financial services or products; COVID-19 pandemic-inspired scams; and a regulatory retreat by some federal agencies, most notably the Consumer ...