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FMC Issues the Final Rules on NRA/NSA

Last week, the Federal Maritime Commission (FMC) published a Final Rule offering deregulatory flexibilities for Non-Vessel-Operating Common Carrier (NVOCC) Negotiated Rate Arrangements (NRAs) and NVOCC Service Arrangements (NSAs) will go into force on August 22, 2018. As it stands, the final rule significantly reduces the NRA/NSA process…