Legal Definitions - FMC

FMC

FMC stands for Federal Maritime Commission. It is an independentregulatory agencyresponsible for regulating the international ocean transportation of the United States.

One example of FMC's responsibilities is to ensure that ocean carriers do not engage in unfair or discriminatory practices. Another example is to review and approve agreements between ocean carriers that could potentially harm competition in the industry.

For instance, if an ocean carrier were to charge different rates for the same service based on the customer's nationality, FMC would investigate and take action to prevent such discriminatory practices. Similarly, if two ocean carriers were to agree to share pricing information, FMC would review the agreement to ensure that it does not harm competition in the industry.

These examples illustrate how FMC works to promote fair competition and protect the interests of consumers in the international ocean transportation industry.