New FMC OTI Regulations in Effect

As of December 9, 2015, revised Federal Maritime Commission (“FMC”) regulations governing the licensing and operation of Ocean Transportation Intermediaries (“OTI”s) are now in effect.  The new regulations govern the operations of both ocean freight forwarders and non-vessel-operating common carriers

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Posted in All Advisories, International Law, Shipping, Transportation

Andrew Danas Re-Appointed Co-Chair of ABA International Transportation Committee

Grove, Jaskiewicz and Cobert LLP is pleased to announce that firm partner Andrew Danas has assumed the position of Co-Chair of the International Transportation Committee of the American Bar Association’s Section of International Law for the 2015-2016 term.

Posted in All Advisories, Antitrust & Competition Law, Corporate & General Business, Customs, Government Contracts, Homeland Security, International Law, Litigation & Alternative Dispute Resolution, Practice & Industries, Shipping, Transportation, Wines & Spirits

FMC Proposes Significant Changes to the Licensing and Regulation of Ocean Freight Forwarders and NVOCCs

The Federal Maritime Commission (FMC) is proposing the most significant changes since 1998 to its regulations governing the licensing and regulation of Ocean Transportation Intermediaries (OTIs).  Under U.S. law, OTIs are third party intermediaries that arrange for or provide international

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Posted in All Advisories, International Law, Practice & Industries, Shipping, Transportation

FMC Foreign NVOCC NRA Proposal Would Require New Registration of All Foreign NVOCCs

In 2011 the Federal Maritime Commission (FMC) exempted licensed non-vessel-operating common carriers (NVOCCs) from their rate tariff publishing obligations under the United States Shipping Act.    NVOCCs that opt to invoke this exemption do not have to adhere to the law’s

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Posted in All Advisories, International Law, Practice & Industries, Shipping, Transportation

Derivatives and Shipping

Many companies frequently hedge their risks to offset the uncertainties of fluctuating prices. Changes in the future price of energy, crops, and currencies are all business risks that can be subject to contractual hedges that smooth future swings in prices

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Posted in All Advisories, International Law, Shipping, Transportation

Federal Maritime Commission To Adjust Optional Bond for China Operations

The Federal Maritime Commission today issued a Notice of Proposed Rulemaking regarding the bond limits of a Non-Vessel-Operating Common Carrier who needs to do business in China. At present an NVOCC is required to carry a basic bond of $75,000,

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Posted in All Advisories, Antitrust & Competition Law, International Law, Practice & Industries, Shipping, Transportation