Federal Maritime Commission (FMC)
Definition of Federal Maritime Commission
The Federal Maritime Commission (FMC) is an independent regulatory agency of the US government that oversees international ocean transport.
Established in 1961, the FMC protects the interests of exporters, importers, and consumers by creating fair practices in the ocean shipping industry.
By monitoring NVOCCs (Non-vessel Operating Common Carriers) and VOCCs (Vessel Operating Common Carriers), the FMC makes sure shipping rates, charges, and rules remain just and reasonable.
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