Title 46, ShippingRelease 119-110
§40903 Suspension or Revocation of License
Title 46 › Subtitle IV — Regulation of Ocean Shipping › Part A — Ocean Shipping › CHAPTER 409 — OCEAN TRANSPORTATION INTERMEDIARIES › § 40903
Summary
The Federal Maritime Commission must suspend or cancel an ocean transportation intermediary’s license after giving notice and a chance for a hearing if it finds the intermediary is not qualified or intentionally failed to follow this part or a Commission order or rule. The Commission may also cancel the license if the intermediary fails to keep a required bond, proof of insurance, or other financial guarantee.
Full Legal Text
Title 46, §40903
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(a)Failure To Maintain Qualifications or To Comply.—
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)Failure To Maintain Bond, Proof of Insurance, or Other Surety.—
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
Sep 22, 2026
Release point: 119-110