Proposed Changes to FMC OTI Regulations Would Add Efficiency, Cordero Tells L.A. Brokers Group
Chairman Mario Cordero discussed proposed changes to Federal Maritime Commission (FMC) regulations for Ocean Transport Intermediaries during an Aug. 22 address to members of the Los Angeles Customs Brokers & Freight Forwarders Association (LACBFFA). Cordero said the proposed changes to the FMC’s OTI regulations under the proposed rulemaking (see 13082122) could make the FMC’s “regulatory process more efficient” by “improving transparency” and adapting to changing industry conditions.
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Cordero also emphasized the importance of maintaining a credible licensing and renewal program, which he said could protect and enhance the value of an OTI license. The National Customs Brokers and Forwarders Association of America voiced some concerns with the proposed changes earlier this month (see 13082122). Cordero encouraged industry to share any comments and reviews so that the FMC can continue their dialogue on maritime trade.