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Federal Maritime Commission
(redirected from FMC)

   Also found in: Legal, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
Federal Maritime Commission (FMC)
A U.S. government agency that regulates and administers the shipping industry. This agency also grants freight forwarder licenses.

Federal Maritime Commission
An agency of the U.S. Government responsible for the ocean-borne international commerce of the United States. Among other things, the FMC regulates shipping lines (which is calls ocean common carriers) and other ocean freighters that bring goods into the United States. It also enforces laws requiring the cruise ships maintain enough insurance to cover loss or damages. It issues licenses for commerce involving U.S. goods. It was established in 1961. See also: ICE, United States Merchant Marine.


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Significant penalties may be enforced by the FMC for violations of this requirement.
MANAMA: Shoaibi Group and FMC Petroleum Equipment (Malaysia) yesterday announced the formation of a joint venture, FMC Technologies Saudi Arabia, based in Al Khobar.
Byline: Al Khobar Shoaibi Group (SG), a leading Saudi energy and IT enterprise, and FMC Petroleum Equipment (Malaysia) have launched a joint venture which offers oil operators equipment and services for oil and gas exploration, development and production.
 
 
 
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