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Increased Chinese bond rider sought

Sunday, January 22, 2012

FMC hopes to help NVOs meet financial responsibilities in U.S.-China trade. By Chris Dupin The U.S. Federal Maritime Commission has proposed to increase the size of the optional bond rider that non-vessel-operating common carriers may file to meet the Chinese government’s financial responsibility requirements for them to serve in the U.S.-China trade. Both U.S.-based and licensed non-U.S.-based NVOs are required by U.S. regulation to submit pro...

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