$50K FMC Penalty for NVOCC Tariff Violations

Miami, FL, USA -- A non-vessel operating common carrier (NVOCC) was ordered to pay $50,000 in compromise penalty to the Federal Maritime Commission (FMC) for Tariff Violations.

WHY IT MATTERS

New Jersey-based NVOCC Olympiad Line LLC allegedly violated the Shipping Act by providing service that was not in accordance with the rates, charges, classifications, rules, and practices contained in its published tariff.

Olympiad paid the FMC $50,000 in compromise of these allegations but did not admit to violations of the Shipping Act or Commission regulations.

A vessel operating common carrier (VOCC) based in South Korea, Hyundai Glovis, Co. Ltd., also paid a whopping $1,300,000 in compromise of similar allegations. The FMC staff claims that for over a year, Hyundai Glovis provided services as a common carrier without publishing the appropriate tariffs showing all its active rates and charges.

AVOID PENALTIES!

Led by FMC legal practitioners, AP Tariffs' core mission is to help clients maintain FMC-compliant tariffs and avoid costly penalty payments.

• Did you know?  Even if you didn't know you were violating the Shipping Act, you can still be fined a maximum of $14,988 per occurrence!

Not knowing is not an excuse. It is crucial to stay in compliance with the FMC regulations. And that's where AP Tariffs comes in.

We offer FMC compliance training to all our clients, up to 2 hours per month free! A phone call or an online meeting, AP Tariffs' FMC experts are always available to give advice how to file rates correctly and keep tariffs updated. Think of us as your very own FMC Compliance Department.

Schedule a FREE CONSULTATION NOW!

Read this Guide on Understanding an NVOCC's Role in Ocean Freight Rate Filings