(Sec. 32920) Prohibits any person (other than a non-vessel-operating common carrier or
ocean freight forwarder providing brokerage services as part of an international through movement involving ocean transportation between the United States and a foreign port) from providing interstate brokerage services unless the person: (1) is registered and in compliance with federal broker registration requirements, and (2) has satisfied federal financial security requirements.
Not exact matches
Like customs brokers,
freight forwarders are licensed, but in this case, by the International Air Transport Association (IATA) and Federal Maritime Commission (for
ocean freight).
Its new status as a
freight forwarder, or «non-vessel operating common carrier,» gives Amazon, the world's largest online retailer, a foothold in the $ 350 billion a year
ocean freight business.
Managed all contracts with
ocean carriers and air
freight forwarders ensuring low
freight rates for sea and air shipments.
they are the leading Logistics Supply Chain Portal for Exporters, Importers,
Forwarders, 3PL's, Airlines,
Ocean Freight, NVOCC, Trucking, Shipping, and International Trade.