FMC Extends Comment Period on OTI Licensing Changes at Request of NCBFAA
The Federal Maritime Commission extended the comment period by 30 days for a proposed rulemaking to add new licensing and financial requirements to Ocean Transportation Intermediaries (OTIs), the agency said in a notice. The proposed rules would create some additional…
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licensing requirements for OTIs, somewhat similar to what is required of customs brokers, and increase the bonding requirements. (see 13053031). The extension came in response to a request from the National Customs Brokers and Forwarders Association of America (NCBFAA), said the FMC. While the NCBFAA requested a 60-day extension, the FMC decided to give a 30-day extension, it said. Comments on the proposal are now due Aug. 30.