keep PART 530—SERVICE CONTRACTS
This regulation implements electronic filing requirements for service contracts between ocean common carriers and shippers under the Shipping Act of 1984. It specifies procedures, required contract terms, certification, record-keeping, and confidentiality, enabling the Federal Maritime Commission to review contracts for compliance with the Act.
Deletion would prevent the FMC from systematically monitoring service contracts for anticompetitive practices and compliance with the Shipping Act, undermining fair competition in ocean shipping. The regulation's structured electronic filing and confidentiality balance transparency with minimal burden—a framework difficult to replicate without statutory authority.