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[Federal Register Volume 62, Number 2 (Friday, January 3, 1997)]
[Rules and Regulations]
[Pages 328-329]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-60]

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FEDERAL MARITIME COMMISSION

46 CFR Part 572

[Docket No. 94-31]

Post-Effective Reporting Requirements for Agreements Among Ocean 
Common Carriers Subject to the Shipping Act of 1984

AGENCY: Federal Maritime Commission.

ACTION: Final Rule; lifting of stay.

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SUMMARY: The Federal Maritime Commission (``FMC'' or ``Commission'') is 
lifting the stay of monitoring report requirements contained in its 
agreement regulations. The filing of the quarterly monitoring reports 
will begin with the report covering the first quarter of calendar year 
1997.

EFFECTIVE DATE: 46 CFR 572.701(a) and 572.702, which were stayed at 61 
FR 11564, March 21, 1996, are effective January 3, 1997.

FOR FURTHER INFORMATION CONTACT:
Austin L. Schmitt, Director, Bureau of Economics and Agreement 
Analysis, Federal Maritime Commission, 800 North Capitol Street, N.W., 
Washington, DC 20573-0001, 202-523-5787.

SUPPLEMENTARY INFORMATION: In Docket No. 94-31, Information Form and 
Post-Effective Reporting Requirements for Agreements Among Ocean Common

[[Page 329]]

Carriers Subject to the Shipping Act of 1984, the Federal Maritime 
Commission amended its regulations set forth in 46 CFR Part 572 
governing the filing, processing and review of agreements subject to 
the Shipping Act of 1984. 61 FR 11 564 (Mar. 21, 1996) and 61 FR 40530 
(Aug. 5, 1996). For the most part, these amended regulations became 
effective on April 19, 1996. Since that date, new agreements have been 
required to comply with the revised information form provisions. 
However, the proper application of the new monitoring report provisions 
in 46 CFR 572.701-572.705 to agreements already in effect could not be 
determined immediately, because the market share data necessary to 
separate Class A/B agreements into Class A and Class B was not readily 
available. Accordingly, the Commission stayed the effectiveness of the 
monitoring report provisions of the final rule until further notice. 
Under section 15 of the 1984 Act, the Commission has directed all 
existing Class A/B agreements to submit reports that include the 
information demanded of new Class A/B agreements under the information 
form regulations, including market share data.
    The market share data has been submitted to the Commission, and 
existing Class A/B agreements can now be assigned their appropriate 
rereporting classifications. Those agreements are being notified, via 
letter, of their reporting classification for 1997.
    Therefore, the Commission is lifting the stay of the monitoring 
report provisions at 46 CFR 572.701(a) and 572.702. With this action, 
the lifting of quarterly monitoring reports, including those applicable 
to Class C agreements, will begin with the report covering the first 
quarter (i.e., January-March) of calendar year 1997, which is to be 
filed within 75 days of the end of that quarter, pursuant to 46 CFR 
572.701(f).

    By the Commission.
Joseph C. Polking,
Secretary.
[FR Doc. 97-60 Filed 1-2-97; 8:45 am]
BILLING CODE 6730-01-M
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