Regulation & law · 13/12/2000

Revocation of Licenses and Order to Discontinue Operations for Non-Compliance with Ocean Shipping Reform Act of 1998

The U.S. government has issued an order to show cause for several shipping companies that failed to comply with the new licensing requirements of the Ocean Shipping Reform Act of 1998, resulting in the revocation of licenses, provisional licenses, and an order to discontinue operations in U.S.-foreign trades.