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FMC approves NRAs for foreign NVOs

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Thursday, December 13, 2012

The U.S. Federal Maritime Commission voted 4-1 on Wednesday to extend to foreign non-vessel-operating common carriers the ability to offer Negotiated Rate Arrangements (NRAs). FMC Chairman Richard Lidinsky noted that foreign NVOs have wanted to be able to offer the NRAs when the commission approved allowing domestic NVOs to offer NRAs. “This was an item that was overdue on the agenda and I wanted to resolve it by the end of the year,” he told American Shipper . &n...

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