Impact of the Ocean Shipping Reform Act of 1998

It has been two years since the implementation of the Ocean Shipping Reform Act of 1998 (OSRA) - a sufficient period of them for those in the industry to begin to adjust to the new regulatory environment and for the Federal Maritime Commission (FMC) to make an initial candid assessment of how the impact of the legislation appears to be unfolding. While there may be divergent views ripe for intriguing debate on various issues, the focus of the following pages is to provide objective, impartial findings on the regulatory and commercial impact of OSRA to date. The study has relied on a broad range of sources in collecting information on how the legislation has played out across the industry. Representatives of all sectors of the industry have provided the FMC with their views and comments throughout this two-year period. The responses to the FMC's Notice of Inquiry (NOI) on OSRA's impact were voluminous. An in-house review of hundreds of service contracts provided a rich source of information, as has the continued monitoring of carrier activity exercising statutory antitrust immunity. The study has also drawn on the FMC's numerous and varied experiences in dealing with all aspects of this new law over the past two years. The focus is the manner in which OSRA has shaped or affected operations and developments in that time frame. This report is divided into five topics: service contracts; agreements; ocean transportation intermediary (OTI) licensing and bonding; tariffs, and a grouping of other relevant issues. The views of the various sectors of the industry, as well as an assessment of OSRA's impact on these groups, are reflected throughout each section.

  • Corporate Authors:

    Federal Maritime Commission

    800 North Capital Street, NW
    Washington, DC  United States  20573
  • Publication Date: 2001-9

Language

  • English

Media Info

  • Media Type: Print
  • Pagination: 32p

Subject/Index Terms

Filing Info

  • Accession Number: 01010755
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Nov 4 2005 10:50AM