FMC extends NVO financial proof comment period to Feb. 27
The U.S. Federal Maritime Commission said it would extend its comment period another week for proposed regulations of a non-vessel-operating common carrier’s proof of financial responsibility for operations in China.
The agency said it received requests for the extension from the American Surety Association and The Surety Association of America. The comment period now closes Feb. 27.
On Jan. 29, the FMC published a proposed rulemaking in the Federal Register to amend its regulations, which would give licensed NVOs the option to acquire a rider on their bonds instead of making a$96,000 cash deposit in Chinese bank.