Ocean Transportation Brokerage Law and Legal Definition

According to 7 CFR 17.2 [Title 7—Agriculture; Subtitle A -- Office of the Secretary of Agriculture; Part 17 -- Sales of Agricultural Commodities made available under Title I of the Agricultural Trade Development and Assistance Act of 1954, as Amended], the term ocean transportation brokerage means “services provided by shipping agents related to their engagement to arrange ocean transportation and services provided by ships brokers related to their engagement to arrange employment of vessels.”