Federal Maritime Commission October 13, 2011 – Federal Register Recent Federal Regulation Documents
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Certainty of Terms of Service Contracts and NVOCC Service Arrangements
The Federal Maritime Commission proposes to amend its rules regarding certainty of terms of service contracts and non-vessel- operating common carrier service arrangements. The proposed rule is intended to provide common carriers and their customers with certainty and flexibility if they decide to use long-term contracts that adjust based on a freight rate index that reflects changes in market conditions.
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