FMC OTI Rulemaking Proposal Expected This Week
An advanced notice of proposed rulemaking meant to update rules for Ocean Transportation Intermediaries (OTI) is expected to run in the Federal Register this week following approval by the Federal Maritime Commission on May 15, said an FMC spokeswoman. The…
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notice will begin a 60-day comment cycle, she said. The proposal would require OTI licensees to renew licenses every two years and extend regulations to foreign-based nonvessel-operating common carriers. FMC Commissioner Rebecca Dye and Commissioner Michael Khoir voted against the proposal. Dye lodged some objections to the proposal at the meeting, calling into question the need for additional OTI regulations and new OTI bonding levels (here).