Federal Maritime Commission is an independent agency of the United States government. The commission administers the nation’s shipping laws that apply to cargo shipments between the continental United States and foreign locations or offshore domestic territories. It regulates the rates, services, and agreements of shipping firms and terminal operators. It also regulates and licenses ocean freight forwarders.
The commission requires evidence of financial responsibility from owners and charterers of vessels that carry 50 or more passengers and that sail from United States ports. This policy ensures that the owners and charterers can pay claims involving accidental injuries and deaths and can refund fares if a voyage is canceled.
The Federal Maritime Commission was established in 1961. The President appoints the commission’s five members with the Senate’s approval. The President also names one of the commissioners to serve as chairman of the commission.
