Certainty of Terms of Service Contracts and NVOCC Service Arrangements
October 13, 2011 - 76 FR 63581 - RIN: 3072-AC47 - Download Full Notice: Text | PDF
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.
This is a proposed regulation. Comments were due on November 28, 2011.
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