FMC Simplifies Negotiated Rate Arrangements

The Federal Maritime Commission revised its Negotiated Rate Arrangement (NRA) regulations to reduce recordkeeping requirements.   With immediate effect, the FMC is a) eliminating the requirement for the shipper’s title and address in their written assent to rates, b) eliminating the requirement that the bill of lading include a notice that a shipment is moving pursuant to an NRA; and c) […]