September 04, 2013
Form FMC-65 required for foreign-based unlicensed NVOCCs
As previously mentioned in our Special Quest™ earlier this year, the Federal Maritime Commission (FMC) issued a final rule that expands the current tariff rate publication exemption to allow foreign-based, unlicensed non-vessel operating common carriers (NVOCCs) who are registered with the Commission to enter into Negotiated Rate Arrangements in lieu of publishing a rate for cargo shipments in their tariffs.
The FMC has also decided that it will gather additional information from all foreign based unlicensed NVOCCs. For this purpose they have created a new form, the FMC-65. All foreign based NVOCCs that are registered must file the form by October 17, 2013 or risk suspension of license. The Form FMC-65 must then be submitted every three years. The Form FMC-65 can be downloaded here and sent via email to OTI@fmc.gov with the subject heading “NVOCC Registration/renewal.”
The Form FMC-65 is not required from foreign NVOCCs who have chosen to become a licensed rather than a registered NVOCC. An easy way to determine if you are a registered versus a licensed NVOCC is to look at your bond amount. Foreign registered NVOCCs will have a $150,000 FIATA Group Bond rider or an individual $150,000 bond. View our FIATA Group Bond page to learn more.
Watch a short video on the Form FMC-65.