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A license status review by the FMCSA every five years; the FMCSA also has the power to revoke a broker's license in case of unethical practices. A 3-year relevant experience and certified training requirement to obtain a broker license, bringing auto shipping broker qualification requirements in line with the ocean shipping industry. [7]
The Consumer Recovery Account is a victims’ fund financed by a portion of the fees paid by licensees. When a member of the public obtains a qualifying judgment as a result of fraud or conversion of trust funds by a real estate licensee acting as an agent in the transaction, they may seek reimbursement from the Consumer Recovery Account for ...
A shipping agency, shipping agent, or ship agency is the term used to refer to the appointed companies that handle operational and procedural (legal) requirements for a commercial vessel's call at a port for the purposes of cargo handling (loading/discharging), emergency calls, repairs, crew changes, or ship demolition, and protect the general interests of their principals on behalf of ship ...
California is the only state that hasn’t allowed the cost of reinsurance to be factored in to rates, she said. Lara said as some of the homeowners who have been forced onto FAIR plan are able to ...
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A shipping agent may be a part of the bigger stevedoring business that holds the contract with the charterer or shipper or simply be a "pocket agency" affiliated with the charterer. Such agent is commonly referred to as the charterer's agent. [2] Shippers may also insist on the particular agent to handle the port call when negotiating the sale ...
In California, 47.7% of the state’s thousands of bridges carry the “fair” rating. About 6.2% of California’s bridges were rated as in “poor” condition as of 2023. The data does not ...
In a single transaction, the forwarder may be acting as a carrier (principal) or as an agent for his customer or both. Together with tracking, freight forwarding agents often have real time information on the freight. [8] Some forwarders may specialize in niche areas such as rail-freight, and collection and deliveries around a port.