Inflation has pulled the maximum penalty for not knowing and willful violation of the Shipping Act of 1984, Commission regulation or order (46 U.S.C. 41107(a)) to $14,149 per occurrence, as of January 15, 2023.
If a person knowingly and willfully violates Shipping Act of 1984, or Commission regulation or order, then they could face a maximum civil penalty of up to $70,752 per occurrence.
The FMC is responsible for enforcing the Shipping Act and has the authority to investigate alleged violations and assess penalties for noncompliance. The FMC may take various enforcement actions, including the issuance of warning letters, formal orders, and civil penalties, to ensure compliance with the Shipping Act's requirements.
Violations of the Shipping Act can take many forms, including unfair practices, discriminatory treatment, and failure to adhere to regulatory reporting requirements. The FMC may investigate alleged violations and may bring an action against the alleged violator if it determines that a violation has occurred.
Experts at Atlantic Pacific Tariffs Inc. are always available for consultation regarding compliance issues, providing clients with up to 2 hours per month of free consultation services.
Prospective clients may also avail of a FREE 30-minute Zoom-based consultation (English and Spanish available). Email us today at firstname.lastname@example.org.