Taxonomy: Shipping

Slight cost hikes account for inflation as required

The U.S. Federal Maritime Commission has adjusted its civil penalty amounts to account for inflation, as required annually by the 2015 Federal Civil Penalties Inflation Adjustment Act Improvements Act.

Slight cost hikes account for inflation as required

The U.S. Federal Maritime Commission has adjusted its civil penalty amounts to account for inflation, as required annually by the 2015 Federal Civil Penalties Inflation Adjustment Act Improvements Act.

Slight cost hikes account for inflation as required

The U.S. Federal Maritime Commission has adjusted its civil penalty amounts to account for inflation, as required annually by the 2015 Federal Civil Penalties Inflation Adjustment Act Improvements Act.

 
The U.S. Federal Maritime Commission has adjusted its civil penalties slightly upward to account for inflation, as required by the 2015 Federal Civil Penalties Inflation Adjustment Act Improvements Act.
    The 2015 Act requires that agencies adjust and publish their civil penalties by Jan. 15 each year. The civil penalty increases are effective on Feb. 7 and are applicable to violations starting Jan. 15, 2019.
    The FMC’s civil penalties, which cover per violation, include:
    • Adverse impact on U.S. carriers by foreign shipping practices, from $2,052,107 to $2,103,861;
    • Knowing and willful violation of the 1984 Shipping Act or commission regulation or order, from $58,562 to $60,039;
   • Violation of 1984 Shipping Act, commission regulation or order not knowing or willful, from $11,712 to $12,007;
    • Operating in foreign commerce after tariff suspension, from $117,125 to $120,079;
    • Failure to provide required reports (1920 Merchant Marine Act), from $9,239 to $9,472;
    • Adverse shipping conditions (1920 Merchant Marine Act), from $1,847,663 to $1,894,261;
    • Operating after tariff or service contract suspension (1920 Merchant Marine Act), from $92,383 to $94,713;
   • Failure to establish financial responsibility for non-performance of transportation, from $23,335,778 to $23,924,798;
    • Failure to establish financial responsibility for death or injury, from $23,335,778 to $23,924,798;
    • Making false claim (Program Fraud Civil Act), from $11,181 to $11,463;
    • And giving false statement (Program Fraud Civil Act), from $11,181 to $11,463.

Terminal alliances can’t work on an ad hoc basis. You have to have certainty and predictability of what ships and services will call where.

Union Pacific’s net income for Q1 2019 reached $1.4 billion, while CSX’s stood at $834 million and KCS’ totaled $103 million.

Most Popular
Latest News
Social Media

Loading...

Forwarders slow to get on board screening program

Forwarders slow to get on board screening program

Embed this story

Share Code Version 1

This version will embed the story headline and includes HTML fallback protection, ensuring the story will display even if some users decide to disable javascript in their browsers.

Copy & Paste the following code to embed this story on your website:

Preview

Slight cost hikes account for inflation as required

The U.S. Federal Maritime Commission has adjusted its civil penalty amounts to account for inflation, as required annually by the 2015 Federal Civil Penalties Inflation Adjustment Act Improvements Act.

Feb 07, 2019 on Dec 27, 2018AmericanShipper.com

Share Code Version 2

This version will embed the story headline without any styling applied. Use this version if you will use your own custom styling on your website. This version also includes HTML fallback protection.

Copy & Paste the following code to embed this story on your website:

Preview

Slight cost hikes account for inflation as required

The U.S. Federal Maritime Commission has adjusted its civil penalty amounts to account for inflation, as required annually by the 2015 Federal Civil Penalties Inflation Adjustment Act Improvements Act.

Feb 07, 2019 on Dec 27, 2018AmericanShipper.com