Lawful Use Of Unlicensed Agents By OTIs

Law360, New York (November 30, 2009, 1:28 PM EST) -- Ocean Transportation Intermediaries ("OTIs") should be advised that on Nov. 6, 2009, the Federal Maritime Commission ("FMC") granted a petition for declaratory order from Team Ocean Services Inc.

In the order granting the petition, the FMC affirmed that it is legal for OTIs to engage unlicensed persons to act as their agents in the conducting of OTI services.


The Shipping Act of 1984, as amended, provides that "[a] person in the United States may not act as an ocean transportation intermediary unless the person holds...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.