Glossary FMC (Federal Maritime Commission)

The Federal Maritime Commission (FMC) is a U.S. government agency responsible for regulating U.S. maritime trade in order to protect national defense and security. The FMC oversees regulations on rates and service contracts for shipping and related services, arbitration between carriers and shippers, agreements and alliances between carriers, and logistics processes related to the import and export of goods. Additionally, the FMC investigates and resolves issues such as unfair trade practices, competition obstruction, and unreasonable demands for freight rates between shipping and trading companies.