FMC Adjusts Penalties for Inflation
The Federal Maritime Commission is adjusting its civil monetary penalties for inflation, the agency said in a notice released this week. The changes, effective Jan. 15, increase maximum penalties for various violations of U.S. shipping regulations, including failing to establish…
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"financial responsibility for nonperformance of transportation," illegal foreign shipping practices that have an “adverse impact” on U.S. carriers, “knowing and willful” violations of the Shipping Act, and operating in foreign commerce after a tariff suspension.