Licensing, Financial Responsibility Requirements, and General Duties for Ocean Transportation Intermediaries

The Federal Maritime Commission adds new regulations establishing licensing and financial responsibility requirements for ocean transportation intermediaries in accordance with the Shipping Act of 1984, as modified by the Ocean Shipping Reform Act of 1998 and section 424 of the Coast Guard Authorization Act of 1998. As part of this rule, we are adopting as an interim final rule a provision that allows foreign non-vessel-operating common carriers the opportunity to seek a license under the licensing requirements of this part.