The Federal Maritime Commission (FMC) is an independent federal agency, based in Washington D.C., responsible for the regulation of oceanborne transportation in the foreign commerce of the U.S.
The FMC:
• Regulates certain activities of international shipping lines (called "ocean common carriers"), marine terminals operators, and ocean transportation intermediaries (OTIs) who operate in the U.S. foreign commerce
• Oversees the financial responsib...
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The Federal Maritime Commission (FMC) is an independent federal agency, based in Washington D.C., responsible for the regulation of oceanborne transportation in the foreign commerce of the U.S.
The FMC:
• Regulates certain activities of international shipping lines (called "ocean common carriers"), marine terminals operators, and ocean transportation intermediaries (OTIs) who operate in the U.S. foreign commerce
• Oversees the financial responsibility of cruise ship lines and other passenger ship operators, to ensure they have the resources to pay compensation for personal injuries or non-performance
• Monitors the laws and practices of foreign governments which could have a discriminatory or otherwise adverse impact on the U.S. shipping industry and U.S. maritime trade, and administers bilateral trade sanctions to persuade foreign governments to remove adverse conditions
• Enforces special regulatory requirements applicable to shipping lines owned or controlled by foreign governments...
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