Federal Maritime Commission Law and Legal Definition

Federal Maritime Commission is an independent federal agency, based in Washington D.C., responsible for the regulation of ocean borne transportation in the foreign commerce of the U.S. The FMC oversees the financial responsibility of cruise ship lines and other passenger ship operators and monitors the laws and enforces special regulatory requirements applicable to shipping lines owned or controlled by foreign governments. The FMC also reviews and regulates agreements between shipping lines and/or marine terminals. The FMC is responsible for regulating the ocean transportation intermediaries in the U.S.