FMC Warns Carriers About Failure to Meet VOCC Rules
The Federal Maritime Commission recently reminded carriers about the requirements they must meet to maintain their status before the commission as a vessel-operating common carrier (VOCC), warning they may face penalties if they fail to meet those requirements. The FMC…
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said carriers publishing automated tariffs as VOCCs must “operate at least one vessel in common carriage in the foreign commerce of the United States to maintain their status.” Companies offering common carriage but that don’t operate at least one vessel are considered non-vessel-operating common carriers, the commission said, and must follow the licensing, registration and financial responsibility requirements for NVOCCs. “Operating as an NVOCC and failing to meet all relevant requirements may result in a civil monetary penalty.”