FMC Recovers $350,000 Related to Alleged Shipping Act Violations
Four shipping companies agreed to pay the Federal Maritime Commission a total of $350,000 in civil penalties related to the agency's investigations into violations of federal shipping laws, said the FMC in a press release. The companies, OBI Shipping, Benison…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
Transport, Shine International, and Rickmers-Linie, settled with the FMC without admitting they violated the law or FMC regulations, said the agency. OBI, which paid $50,000, was allegedly "obtaining transportation at less than applicable rates by means of improperly accessing service contracts to which it was not a party," said the FMC. Benison and Shine, which jointly paid $110,000, were allegedly sharing service contract information, it said. Rickmers-Linie, which paid $190,000, voluntarily contacted the FMC over service contract and Shipping Act violations, said the agency.