Federal Maritime Commission August 28, 2012 – Federal Register Recent Federal Regulation Documents

The Federal Maritime Commission amends its rules regarding the amount of bond coverage on the optional China Bond Rider for Non- Vessel-Operating Common Carriers (NVOCCs). The final rule is intended to provide NVOCCs with the ability to post a bond with the Commission that satisfies the equivalent of 800,000 Chinese Renminbi, for which the equivalent U.S. Dollar amount has fluctuated since the regulation was first adopted by the Commission.