COMPROMISE AGREEMENT

FMC File No. 17156

This Compromise Agreement is entered into between:

(1) the Federal Maritime Commission, hereinafter referred to as Commission, and

(2) Fastic Transportation Co., Ltd., hereinafter referred to as Respondent.

WHEREAS, the Commission is considering the institution of an assessment proceeding 

against Respondent for recovery of civil penalties for alleged violations of sections 10(a)(1) and 

10(b)(2)(A) of the Shipping Act of 1984 (Shipping Act), 46 U.S.C. §§ 41102(a) and 

41104(2)(A); and

WHEREAS, such proceeding would be based on the Commission’s allegations that 

Respondent engaged in certain practices violative of the Shipping Act, to wit: 

Fastic Transportation Co., Ltd. knowingly and willfully obtained 

ocean transportation for property at less than the rates or charges 

that would otherwise be applicable by the device or means of 

improperly utilizing rates limited to certain named accounts in its 

service contract No. 347080 with UASC; and 

During the same period, Fastic Transportation Co., Ltd. provided 

service that was not in accordance with the rates or charges 

contained in a published tariff or any non-tariff alternative 

authorized by the Commission’s regulations. 

WHEREAS, the Commission is authorized under section 13(c) of the Shipping Act, 46 

U.S.C. § 41109 (a)-(b), and Part 502 of the Commission’s Regulations, 46 C.F.R. Part 502, to 

compromise and collect civil penalties; 

WHEREAS, Respondent has terminated the practices that are the basis of the alleged 

violations set forth herein, and has instituted and committed to maintain measures designed to 

eliminate these practices.
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NOW, THEREFORE, in consideration of the premises herein, and in compromise of all 

civil penalties arising from the Commission’s investigation of the alleged violations described 

above, Respondent and the Commission hereby agree upon the following terms of compromise 

and settlement:

1. Respondents shall entrust FASTIC GROUP (BVI) INC., its parent company, to make 

payment on or before April 28, 2017 to the Commission by certified check, cashier's 

check, or wire transfer in the total amount of $110,000 (One Hundred Ten Thousand 

Dollars). 

2. This agreement shall forever bar the commencement or institution of any assessment 

proceeding or other claim for recovery of civil penalties from Respondent, its 

officers, directors, or employees arising from the Commission’s investigation of 

Respondent for the alleged violations set forth above.

3. It is expressly understood that this agreement is not, and is not to be construed as, an 

admission by Respondent to the alleged violations set forth above.

4. This agreement is subject to approval by the Commission’s Managing Director in 

accordance with 46 C.F.R. §502.604.

 Fastic Transportation Co., Ltd.

Signature: __________________________

Printed Name: ______________________

Title: ______________________________

Date: ______________________________
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APPROVAL AND ACCEPTANCE OF COMPROMISE AGREEMENT

FMC File No. 17156 

The above Terms and Conditions and Amount of Consideration are hereby approved and 

accepted:

By the Federal Maritime Commission:

_________________________________________

Brian L. Troiano, Deputy Director (Date)

Bureau of Enforcement

_________________________________________

Karen V. Gregory, (Date)

Managing Director