Tag: FMC

The Federal Maritime Commission announced a compromise agreement reached with Compania Sud Americana de Vapores S.A. (CSAV). CSAV is a vessel-operating common carrier based in Valparaiso, Chile

Maritime regulators from US, China and EU met in Global Regulatory Summit to consider the evolving international maritime landscape

Violated numerous provisions of the Shipping Act The Federal Maritime Commission announced a compromise agreement under which Mitsui O.S.K. Lines, Ltd. has paid $1,200,000 in civil penalties.Known as MOL throughout the ocean carrier industry, Mitsui O.S.K. Lines is a vessel-operating common carrier headquartered in Tokyo, Japan, that operates in the U.S.-foreign trades and globally.Federal Maritime Commission Chairman Richard A. Lidinsky, Jr. stated: "These penalties should serve as a reminder that the Commissions hard-working Area Representatives and Bureau of Enforcement remain vigilant on the shipping publics behalf. If youre violating the law, sooner or later, we will find you, and the consequences can be serious."The compromise agreement resolved allegations that MOL violated numerous provisions of the Shipping Act through activities that included: (1) misdescription of commodities; (2) unlawful equipment substitution; (3) providing transportation services to and entering into service contracts with unlicensed, untariffed, and unbonded ocean transportation intermediaries; (4) permitting use of service contracts by persons who were not parties to those contracts; and (5) providing transportation that was not in accordance with the rates and charges set forth in MOLs published tariffs. Commission staff alleged that these practices persisted over a period of several years and involved numerous service contracts.Under ...