FEDERAL MARITIME COMMISSION

By SovConn | October 28, 2015

Federal Maritime Commission.An independent federal agency that regulates the waterborne

foreign and domestic commerce of the United States by (1) ensuring that U.S. international trade

is open to all countries on fair and equitable terms, (2) guarding against unauthorized monopolies

in U.S. waterborne commerce, and (3) ensuring that financial responsibility is maintained to clean

up oil spills and indemnify injured passengers. • The Agency was established in 1961. Its five

commissioners are appointed by the President with the advice and consent of the Senate. — Abbr.

FMC. [Cases: Shipping 3, 14. C.J.S. Shipping §§ 2–4, 9–10, 13.][Blacks Law 8th]

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