WebApr 19, 2024 · John Gallagher. · Monday, April 19, 2024. Regulators ease restrictions on carrier-shipper container service contracts. (Photo: Port of Los Angeles) The Federal Maritime Commission (FMC) will begin this year what it calls a “new era of flexibility” for service contract filing for container lines and their U.S. importer and exporter customers. WebAug 3, 2024 · From May through July, COSCO provided 1.6% of the space agreed to in contracts while MSC provided 35% of the space in the commitments, MCS said in the filing. The failure to accept the minimum quantity commitments as agreed to in the service contracts pushed MCS to find capacity in the spot market.
Amendments to Regulations Governing Service Contracts and NVOCC Service ...
WebFeb 29, 2016 · As VOCCs have frequently asked about the FMC's electronic systems' capability to automatically verify whether an NVOCC party named in a service contract or amendment is in compliance with FMC regulations at § 530.6, the Commission is considering whether to facilitate this in the SERVCON system in which both service … WebMay 12, 2024 · Reference is made to that certain Transaction Agreement, dated as of March 31, 2024 (as amended or supplemented from time to time, the “Agreement”), by and among E. I. du Pont de Nemours and Company, a Delaware corporation, and FMC Corporation, a Delaware corporation.Pursuant to Section 10.3 of the Agreement, the Agreement may be … flamingo hotel las vegas buffet review
Federal Maritime Commission further deregulates service …
WebOct 26, 2024 · The proposal, which is required as a provision within the Ocean Shipping Reform Act of 2024 (OSRA 22), stems from numerous complaints by shippers as well as trends over the past two years revealing dramatic changes in the U.S. import-export balance, particularly between the U.S. and Asia. Shippers have alleged — and the FMC … WebFMC Collects $500,000 in Penalty Payments ... March 30 Amended Rules for Service Contract and NVOCC Service Arrangements Effective May 5, 2024. March 28 Federal Maritime Commissioners meet with European Maritime Attaches. March 28 Commissioner Doyle votes in favor of Maersk/MSC/HMM Strategic Cooperation Agreement. WebJan 19, 2024 · The Commission is proposing to allow a 30-day filing period for both original service contracts and amendments and is therefore combining § 530.8 (a) (1) and (2) into a single provision at § 530.8 (a). The revised § 530.8 (a) would require that ocean common carriers file service contracts and amendments no later than 30 days after the ... flamingo hotel las vegas early check in