FMC Ups Monetary Penalties to Adjust for Inflation

The Federal Maritime Commission is increasing its maximum civil monetary penalties to adjust for inflation. Effective July 11, the agency will up penalty amounts by $1,000-$5,000, depending on the violation. FMC’s biggest penalties like adverse impact to U.S. carriers by foreign shipping practices and adverse shipping conditions under the Merchant Marine Act will be increased by $100,000 to $1.6 million for each. FMC last adjusted its penalties for inflation in 2009, it said.