Independent journal on economy and transport policy
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President Signs Ship Reform Act
(Cyber Shipping Guide - Ocean Commerce)
October 17, 1998
President Clinton has signed the Ocean Shipping Reform Act of 1998. After the enactment of rules and regulations by the Federal Maritime Commission (FMC) in March 1999, the bill, takes effect May 1, 1999. The new law will further deregulate the liner shipping industry by encouraging a shift from common carriage to contract carriage. (Cyber Shipping Guide ...... Read more on Cyber Shipping Guide - Ocean Commerce
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