{"id":4429,"date":"2019-12-19T09:27:55","date_gmt":"2019-12-19T13:27:55","guid":{"rendered":"\/?p=4429"},"modified":"2019-12-19T09:27:55","modified_gmt":"2019-12-19T13:27:55","slug":"new-oti-rules-now-in-effect","status":"publish","type":"post","link":"\/new-oti-rules-now-in-effect\/","title":{"rendered":"New OTI Rules Now in Effect"},"content":{"rendered":"<p>Non-vessel-operating common carriers (NVOCCs) will now need their required bond, insurance or other form of surety and their Form FMC-1 (published tariff location) on file before the Federal Maritime Commission will issue their NVOCC license.<\/p>\n<p>This new requirement is one of several changes to Commission regulations governing OTIs contained in a Final Rule, \u201cLicensing, Registration, Financial Responsibility Requirements, and General Duties for Ocean Transportation Intermediaries\u201d (Docket No. 18-11), becoming effective December 16, 2019.<\/p>\n<p>Other key changes to FMC regulations of interest to forwarders and NVOCCs are:<\/p>\n<ul>\n<li>Applicants employing officers, managers, or members from an OTI whose license was revoked or denied within the previous three years are subject to direct Commission review.<\/li>\n<li>Applicants previously determined to be unqualified to provide OTI services are also subject to direct Commission review.<\/li>\n<li>Clarification on eligibility to be a Qualified Individual when partnerships are involved.<\/li>\n<li>The initial renewal of an OTI license can take place no sooner than one-year and no later than four-years from issuance. All subsequent renewals will take place on regular three-year intervals.<\/li>\n<li>All application forms (FMC-18) are now filed electronically.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Non-vessel-operating common carriers (NVOCCs) will now need their required bond, insurance or other form of surety and their Form FMC-1 (published tariff location) on file before the Federal Maritime Commission will issue their NVOCC license. This new requirement is one of several changes to Commission regulations governing OTIs contained in... <a class=\"read-more\" href=\"\/new-oti-rules-now-in-effect\/\">Read More »<\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fmc.gov\/wp-json\/wp\/v2\/posts\/4429"}],"collection":[{"href":"https:\/\/www.fmc.gov\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fmc.gov\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fmc.gov\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fmc.gov\/wp-json\/wp\/v2\/comments?post=4429"}],"version-history":[{"count":1,"href":"https:\/\/www.fmc.gov\/wp-json\/wp\/v2\/posts\/4429\/revisions"}],"predecessor-version":[{"id":4430,"href":"https:\/\/www.fmc.gov\/wp-json\/wp\/v2\/posts\/4429\/revisions\/4430"}],"wp:attachment":[{"href":"https:\/\/www.fmc.gov\/wp-json\/wp\/v2\/media?parent=4429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fmc.gov\/wp-json\/wp\/v2\/categories?post=4429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fmc.gov\/wp-json\/wp\/v2\/tags?post=4429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}