Federal Maritime Commission Prepares Proposed Duty & Demurrage Billing Requirements
OCEAN SHIPPING REFORM ACT DUTY & DEMURRAGE BILLING PRACTICES The Federal Maritime Commission (FMC) oversees the implementation and enforcement of the newly enacted Ocean Shipping Reform Act (OSRA). Duty and Demurrage billing practices outlined in the act require Vessel-Operating Common Carriers (VOCCs) to provide transparency in invoicing and shoulder the burden of proof in [...]