FMC - Federal Maritime Commission
01/14/2022 | Press release | Distributed by Public on 01/14/2022 08:14
Maximum Penalty Fees Adjusted
Maximum Penalty Fees Adjusted
Posted January 14, 2022The Federal Maritime Commission will increase the maximum penalties assessed for statutory violations effective January 15, 2022, as required by the Federal Civil Penalties Inflation Adjustment Act of 2015. The increases are tied to the rate of inflation.
Maximum penalties for knowing and willful violations of the Shipping Act will increase to $65,666 from $61,820; and maximum penalties for violations that are not knowing and willful will increase to $13,132 from $12,363.
The Commission will also increase the fees for nine other penalties. The complete list of penalties is published in the Federal Register and on the Commission's website.