Maersk to pay fmc fine for rebating
Maersk to pay fmc fine for rebating"
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MAERSK TO PAY FMC FINE FOR REBATING Maersk has agreed to pay a $925,000 fine for allegedly making illegal rebates to several non-vessel-operating common carriers in the South American and
transpacific trades. The Federal Maritime Commission said that its evidence of the carrier's rebating activity covers hundreds of shipments from 1996 to 1998. There was also
evidence that Maersk had mislabeled shipments to give some NVOs lower rates. The agency began its investigation of Maersk on April 20. Although rebating is claimed to be practiced by
carriers in non-U.S. trades, it's illegal under the former 1984 Shipping Act and the new Ocean Shipping Reform Act. Maersk and the FMC's Bureau of Enforcement have agreed to
settle the case without further litigation. TO CONTINUE READING THIS ARTICLE... ALREADY HAVE AN ACCOUNT? SIGN IN CREATE A FREE ACCOUNT No payment required NEED HELP? CONTACT US
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Maersk to pay fmc fine for rebatingMAERSK TO PAY FMC FINE FOR REBATING Maersk has agreed to pay a $925,000 fine for allegedly making illegal rebates to ...
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