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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]
Licensing, financial responsibility requirements, and general duties for ocean transportation intermediaries 520 Carrier automated tariffs: 525 Marine terminal operator schedules 530 Service contracts 531 NVOCC Service arrangements 535 Ocean common carrier and marine terminal operator agreements subject to the Shipping Act of 1984: 540
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 ...
When the United States Maritime Commission was abolished on May 24, 1950, its functions were split between the Federal Maritime Board which was responsible for regulating shipping and awarding subsidies for construction and operation of merchant vessels, and Maritime Administration, which was responsible for administering subsidy programs, maintaining the national defense reserve merchant ...
The purpose of the Maritime Commission was multifold as described in the Merchant Marine Act's Declaration of Policy. The first role was to formulate a merchant shipbuilding program to design and then have built over a ten-year period 500 modern fast merchant cargo ships which would replace the World War I-vintage vessels which made up the bulk of the U.S. Merchant Marine prior to the Act.
Logo of the U.S. Committee on the Marine Transportation System . The United States Committee on the Marine Transportation System (CMTS) is an inter-agency committee authorized by the United States Coast Guard and the Maritime Transportation Act of 2012 (Pub.L. 112-213, Sec. 310, § 55502) [1] to coordinate policies affecting the U.S. Marine Transportation System (MTS).
Louis Ernest Sola (born January 8, 1968) is an American businessman and politician, who is currently Chairman of the Federal Maritime Commission. [1] Sola currently works with Commissioners Daniel B. Maffei, Rebecca F. Dye, and Max Vekich. [2]