On October 21, 2015, a final rule regarding Ocean Transportation Intermediary (OTI) licensing and financial responsibility requirements was voted on and approved by the Federal Maritime Commission (FMC).
The new rules will now require OTI’s to renew their licenses every three years. An on-line portal will also be provided to allow for more a more convenient renewal process. License denials, revocations, and suspensions will also be allowed an accelerated hearing process.
This Final Rule and on-line portal will begin in late 2016. To view the final rule release please see here
