FMC Issues Proposed Rule Changes Covering OTI Licensure And Financial Requirements

J. Michael Cavanaugh and Eric Lee are Partners and Daniel Burkard is an Associate in the Washington D.C. office

HIGHLIGHTS:

• The Federal Maritime Commission (FMC) has published a series of proposed rule changes covering licensing, financial responsibility requirements and general duties pertaining to ocean transportation intermediaries.
• The proposed rule changes affect the administrative and procedural requirements for the licensure process for ocean transport intermediaries. They also clarify existing requirements for renewal of licensure status.
• The public comment period for the proposed rule changes is open until Jan. 18, 2019. All public comments should be sent to Rachel Dickon, Secretary of the FMC, at [email protected].