The Federal Maritime Commission has set a new rule requiring ocean common carriers to submit a documented export policy every year. Approval from the Office of Management and Budget (OMB) means that relevant parts of this rule are effective as of February 3, 2025. The first documented export policy is due by March 1, 2025, and must be submitted annually by that date. The rule also includes a correction to the regulatory text and details on how submissions should be made, including that they must be in English and any non-applicable topics should be clearly noted.
Simple Explanation
The Federal Maritime Commission has a new rule that makes ocean carriers write a yearly plan on how they'll deal with shipping space, and they have to send this plan to the commission by March 1st each year, starting in 2025.