01/14/2021 | Press release | Distributed by Public on 01/14/2021 09:15
The Federal Maritime Commission will increase the maximum penalties assessed for statutory violations effective January 15, 2021, 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 $61,820, from $61,098; and, maximum penalties for violations that are not knowing and willful will increase to $12,363 from $12,219.
The Commission will also increase the fees for 9 other penalties. The complete list of penalties is published in the Federal Register and on the Commission's website.