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Published byClaribel Clark Modified over 6 years ago
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US Perspective on EU Cooperation and Update FMC Licensing and Registration
IAM Programs Director Brian Limperopulos
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SOLAS Changes for Weight Verification
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The “Generals” US Secretary of Defense US National Security Advisor
James Mattis US National Security Advisor HR McMaster
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Trump Chief White House Strategist
“America First” Trump Chief White House Strategist Stephen Bannon
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The “Generals” US Secretary of Defense US National Security Advisor
James Mattis US National Security Advisor HR McMaster
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Trump Chief White House Strategist
“America First” Trump Chief White House Strategist Stephen Bannon
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What Does This Mean for the Moving Industry?
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Current Federal Maritime Commission (FMC) Licensing Requirements
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FMC Ocean Transportation Intermediary (OTI) Licensing
Companies who offer moving services to or from the US must be licensed as Freight Forwarders or Non-Vessel Operating Common Carriers (NVOCCs) with the FMC. Foreign companies may be registered as an unlicensed NVOCC. Bonding Levels Licensed Ocean Freight Forwarder = $50,000 USD Licensed NVOCC (Both US-based and non US-based) = $75,000 USD Registered Unlicensed Foreign-Based NVOCC = $150,000 USD
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License or Registration Exceptions
Shippers whose primary business is the sale of merchandise Vessel Operators that perform FF Services for cargo under their own B/L Ocean Freight Brokers Entities that exclusively transport HHGs for US military or federal civilian executive agencies Agents, employees, or branch offices of a licensed OTI
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Penalties for Non-Compliance
BAR was fined $80,000 USD for not being properly licensed FMC recently collected $334,000 USD in fines IAM anticipates that additional enforcement actions are imminent.
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How much do Bonds cost? Bonding Levels What do they really cost?
Licensed Ocean Freight Forwarder = $50,000 USD Licensed NVOCC (Both US-based and non US-based) = $75,000 USD Registered Unlicensed Foreign-Based NVOCC = $150,000 USD What do they really cost? Between 1 – 2% of the bonding level Licensed Ocean Freight Forwarder: $500 - $1000 USD Licensed NVOCC (US or non-US based): $750 - $1,500 USD Registered Unlicensed Foreign-Based NVOCC: $1,500 - $3,000 USD
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QUESTIONS?
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