Experts urge quick action to comply with ocean shipping reform law

With OSRA 2022 in effect, shippers and carriers need to make changes now

American shippers and the lawmakers supporting them were ecstatic that the Ocean Shipping Reform Act of 2022(OSRA) passed less than a year after it was introduced in Congress. However, that means all companies involved in ocean shipping must quickly start making operational changes to comply with the law, which addresses carrier billing and related issues.

The Federal Maritime Commission (FMC) underscored that message on June 24, when the agency’s general counsel issued an opinion confirming several provisions of the law had taken effect immediately.

View entirety: Freight Waves