FMC Releases Final Fact Finding Recommendations, Stresses Mutually Enforceable Contracts

Highlights

• Commissioner Rebecca F. Dye of the Federal Maritime Commission (FMC) has released her Final Report for Fact Finding 29 titled "The Effects of COVID-19 on the U.S. International Ocean Transportation Supply Chain," the culmination of a detailed two-year investigation aimed at identifying operational solutions to cargo delivery system challenges related to the pandemic.
• In her Final Report, Dye made 12 recommendations, along with a number of findings and conclusions concerning freight rates, market competition, billing practices and FMC enforcement matters.
• This Holland & Knight alert provides an overview of Dye's recommendations and other findings in the Final Report, as well as considerations for ocean carriers and other industry stakeholders as they assess the impact on their organizations.