Commodity Credit Corporation September 2013 – Federal Register Recent Federal Regulation Documents

Clarification of Bales Made Available for Shipment by CCC-Approved Warehouses
Document Number: 2013-23506
Type: Proposed Rule
Date: 2013-09-26
Agency: Department of Agriculture, Commodity Credit Corporation
The Commodity Credit Corporation (CCC) proposes to amend the regulations that specify the requirements for CCC-approved warehouses storing cotton. The amendment would change the definition of Bales Made Available for Shipment (BMAS). CCC-approved cotton warehouses are currently required to report BMAS, among other data, to CCC every week. This rule would clarify that bales made available, but not picked up by the shipper, can only be reported by the warehouse operator as BMAS for no longer than the first two weeks that such bales have been made available for delivery but have not yet been picked up. The rule would only change how bales not picked up are reported by the warehouse operator to CCC in the weekly; it does not change any warehouse tariffs or fees. This change would improve the quality of reported information about bales available for shipment, benefiting both CCC and the cotton industry.