Title 46 — ShippingRelease 119-73not60
§40903 Suspension or Revocation of License
Title 46 › Subtitle Subtitle IV— Regulation of Ocean Shipping › Part A— Ocean Shipping › Chapter 409— OCEAN TRANSPORTATION INTERMEDIARIES › § 40903
Summary
After notice and a hearing, the Commission must suspend or revoke an ocean transportation intermediary’s license if it’s unqualified or willfully breaks rules or orders; it may also revoke a license for failing to maintain required bond, insurance, or other security.
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 5, 2026
Release point: 119-73not60