Title 46 — ShippingRelease 119-73

§40903 Suspension or revocation of license

Title 46 › Subtitle Subtitle IV— - Regulation of Ocean Shipping › Part Part A— - Ocean Shipping › Chapter CHAPTER 409— - OCEAN TRANSPORTATION INTERMEDIARIES › § 40903

Last updated Apr 6, 2026|Official source

Summary

After giving notice and a chance for a hearing, the Federal Maritime Commission must suspend or cancel an ocean transportation intermediary’s license if it finds the intermediary is not qualified to do the job or intentionally failed to follow the law, a Commission order, or a regulation. The Commission may also revoke the license if the intermediary fails to keep the bond, proof of insurance, or other security required under section 40902(a).

Full Legal Text

Title 46, §40903

Shipping — Source: USLM XML via OLRC

(a)The Federal Maritime Commission, after notice and opportunity for a hearing, shall suspend or revoke an ocean transportation intermediary’s license if the Commission finds that the ocean transportation intermediary—

(1)is not qualified to provide intermediary services; or

(2)willfully failed to comply with a provision of this part or with an order or regulation of the Commission.

(b)The Commission may revoke an ocean transportation intermediary’s license for failure to maintain a bond, proof of insurance, or other surety as required by section 40902(a) of this title.

Legislative History

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 4090346 App.:1718(c).Pub. L. 98–237, § 19(c), Mar. 20, 1984, 98 Stat. 88; Pub. L. 105–258, title I, § 116, Oct. 14, 1998, 112 Stat. 1912. In subsection (a)(2), the words “lawful” and “rule” are omitted as unnecessary.

Reference

Citations & Metadata

Citation

46 U.S.C. § 40903

Title 46 — Shipping

Last Updated

Apr 6, 2026

Release point: 119-73