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S3.E17 - FMC's Final Rule on D&D Billing Requirements - Part 4 - Do you know where the invoices are going now? [and discussions on VOCC Audit Program, Foreign Shipping Practices Act, and Civil Penalties go to US General Fund]
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Topic of the Week (5/31/24):
The FMC's Final Rule on Detention and Demurrage Billing Practices became effective this week on Tuesday - and as part of our continuing discussion I have one question for you this week - do you know where your D&D invoice is being sent now?
Final Rule - 46 CFR Part 541:
https://www.ecfr.gov/current/title-46/chapter-IV/subchapter-B/part-541
The Maritime Professorᵀᴹ presents By Land and By Sea - an attorney breaking down the week in supply chain
with Lauren Beagen (Founder of The Maritime Professorᵀᴹ and Squall Strategiesᵀᴹ)
Let's dive in...
1 - Federal Maritime Commission Commission Meeting, May 29, 2024
[includes a discussion on VOCC Audit Program Overview]
Commission Meeting Announcement/Agenda:
https://www.fmc.gov/commission-meeting-scheduled-for-may-29-2024/
VOCC Audit Program:
https://www.fmc.gov/detention-and-demurrage/vessel-operating-common-carrier-vocc-audit-program/
2 - FMC launched an investigation into the impact of Canadian Ballast Water Regulations on US Flag Carriers (a continuation of a review prompted in part by the Lake Carriers Association petition (P1-20) in March 2020)
[includes a discussion of Foreign Shipping Practices Act and Sec. 19 of the Merchant Marine Act of 1920]
FMC Announcement:
https://www.fmc.gov/fmc-launches-investigation-of-the-impact-of-canadian-ballast-water-regulations-on-u-s-flag-carriers/
3 - FMC announces three compromise agreements with CMA CGM, Vanguard Logistics Services, and Shipco Transport
[includes a discussion of civil penalties go to General Fund of US, NOT the FMC directly]
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#ByLandAndBySea
Chapters
1. S3.E17 - FMC's Final Rule on D&D Billing Requirements - Part 4 - Do you know where the invoices are going now? [and discussions on VOCC Audit Program, Foreign Shipping Practices Act, and Civil Penalties go to US General Fund] (00:00:00)
2. Supply Chain and Maritime Updates (00:00:27)
3. FMC Foreign Shipping Practices Investigation (00:03:48)
4. FMC Final Rule on Detention Demurrage (00:19:39)
5. Operational Impacts of D&D Rule (00:27:42)
93 episodes
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