FMC rule allows NVOCCs to respond faster to BCO needs

FMC rule allows NVOCCs to respond faster to BCO needs

Federal Maritime Commission final rule issued Wednesday will simplify the contracting process between non-vessel operating common carriers (NVOCCs) and their beneficial cargo owner (BCO) customers, concluding almost 15 years of petitioning by NVOCCs to allow them to negotiate with BCOs under the same terms enjoyed by ocean carriers.

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