Definitions for "Federal Maritime Commission"
Keywords:  fmc, nvocc, freight, regulatory, ocean
Regulatory agency responsible for rates and practices of ocean carriers shipping to and from the United States.
A U.S. government agency that regulates and administers the shipping industry. This agency also grants freight forwarder licenses.
(FMC) The U.S. Governmental regulatory body responsible for administering maritime affairs including the tariff system, freight forwarder licensing, NVOCC licensing, enforcing the shipping acts, approving carrier conference agreements, and monitoring confidential service contracts between carriers and shippers under Ocean Shipping Reform Act.
Federal National Mortgage Association (FannieMae) Federal Open Market Committee (FOMC)