Venable LLP

Feds gives shippers new power to dispute ocean carrier charges

Long Beach Container Terminal

New guidance issued by federal regulators aimed at fighting unreasonable ocean carrier charges is short on detail but long on historic importance, according to a U.S. exporter group.

The advisory enacts provisions of the Ocean Shipping Reform Act of 2022 (OSRA), signed into law last month, by providing a simplified process for container carrier customers who want the Federal Maritime Commission to investigate their complaints.

“Today is a landmark moment in the history of the Federal Maritime...

https://www.freightwaves.com/news/feds-gives-shippers-new-power-to-dispute-ocean-carrier-charges

Experts urge quick action to comply with ocean shipping reform law

Aerial view of Port of Los Angeles Pier 300

American shippers and the lawmakers supporting them were ecstatic that the Ocean Shipping Reform Act of 2022 (OSRA) passed less than a year after it was introduced in Congress. However, that means all companies involved in ocean shipping must quickly start making operational changes to comply with the law, which addresses carrier billing and related issues.

The Federal Maritime Commission (FMC) underscored that message on June 24, when the agency’s general counsel issued an opinion confirming...

https://www.freightwaves.com/news/experts-urge-quick-action-to-comply-with-ocean-shipping-reform-law

Jockeying amid US-China trade tensions, Mexico eyes Asian investors

As the coronavirus pandemic continues and United States-China trade relations stall, Mexico has been busy luring Asian investors.

Mexico is the host nation for the upcoming annual meeting of countries in the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP) trade pact. 

The meeting on Wednesday will include trade ministers and high-level officials from the 11 member countries of CPTPP: Mexico, Canada, Australia, Brunei, Chile, Japan, Malaysia, New Zealand, Peru,...

https://s29755.pcdn.co/news/jockeying-amid-us-china-trade-tensions-mexico-eyes-asian-investors