Definition of Unreasonable Refusal To Deal or Negotiate With Respect to Vessel Space Accommodations Provided by an Ocean Common Carrier
Published Date: 1/2/2025
Rule
Summary
Starting February 3, 2025, ocean shipping companies must file a yearly export policy with the Federal Maritime Commission to keep things fair when booking vessel space. This new rule affects ocean carriers and helps stop unreasonable refusals to negotiate space deals. The first policy is due by March 1, 2025, and every year after that, so carriers better get ready!
Analyzed Economic Effects
4 provisions identified: 0 benefits, 4 costs, 0 mixed.
Annual Export Policy Filing Required
Starting February 3, 2025, ocean common carriers must file a documented export policy with the Federal Maritime Commission. The first policy must be filed on or before March 1, 2025, and subsequent policies must be filed on or before March 1 of each calendar year. The Paperwork Reduction Act control number for this collection is OMB Control No. 3072-0076.
English Language and U.S. Currency Rule
Documents submitted for the export policy must be in English, and any monetary terms must be stated in U.S. currency. Carriers should prepare their filings accordingly.
Must Attest If Topics Are Not Applicable
If any topics listed under 541.2(j)(1)(i), 541.2(j)(1)(ii), or 541.2(j)(1)(iii) are not addressed because they do not apply, the documented export policy must clearly attest to that inapplicability and explain why. Carriers must include this attestation in their filings.
Authorized Officer Signature Requirement
Export policy submissions must be signed by a duly authorized officer of the regulated party and include a copy of evidence showing the officer's authority. Carriers must ensure their filings include this signature and evidence.
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