FMC Issues Alert About OSRA
The Federal Maritime Commission on June 24 alerted industry that certain provisions of the Ocean Shipping Reform Act took immediate effect when the bill became law on June 16 (see 2206160064). Some of the provisions that already took effect involve…
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demurrage and detention invoices, which apply to “all charges and invoices over which the Commission has existing jurisdiction,” the FMC’s general counsel said in a memo. The FMC said “parties with questions related to their obligations should consult with their legal counsel.”