FMC’s Maximum Penalty Fees Adjusted
Effective January 15, 2025, the Federal Maritime Commission will increase the maximum penalties for statutory violations in compliance with the Federal Civil Penalties Inflation Adjustment Act of 2015. These increases are based on the rate of inflation.
Here are key takeaways:
Increased Penalties for Shipping Act Violations:
- Knowing and willful violations: Maximum penalty increases to $74,943 (up from $73,045).
- Non-knowing and willful violations: Maximum penalty increases to $14,988 (up from $14,608).
- Continuing violations: Each day constitutes a separate violation under the statute.
Foreign Carrier Fees:
- Under the Foreign Shipping Practices Act: Maximum per voyage fee increases to $2,626,135 (up from $2,559,636).
- Under the Merchant Marine Act of 1920: Maximum per voyage fee increases to $2,364,503 (up from $2,304,629).
Additional Penalty Adjustments:
- The Commission is also increasing fees for seven other penalties.
- The complete list of updated penalties is available in the Federal Register.
Disclaimer:
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