The US Federal Maritime Commission (FMC) has announced it is changings its rules regarding Service Contracts and NVOCC Service Arrangements, to ease the regulatory burden on companies and to bring the FMC’s rules into line with modern industry practice.
The biggest change will allow a 30-day grace period for amendments to contracts to be filed with the FMC’s Service Contract Filing System (SERVCON) after the effective date of the amendment.
Previously, delays in filing contract amendments with the FMC have caused commercial difficulties for shippers and clients.
The FMC is the body that regulates the nation’s international ocean transportation for the benefit of exporters, importers and the US consumer.
