Course: Proposed Rule on Profits and Related Basis Adjustments based on this document from the Federal Register: https://www.govinfo.gov/content/pkg/FR-2024-12-02/pdf/2024-27227.pdf This document contains proposed regulations regarding previously taxed earnings and...
Demurrage and Detention Billing Requirements: Essential Compliance Guide
Discover the critical changes in demurrage and detention billing as mandated by the Federal Maritime Commission under the Ocean Shipping Reform Act of 2022. This course equips you with the knowledge to ensure compliance by understanding invoice essentials, billing practices, and stakeholder roles. Enhance transparency and fairness in your operations to prevent costly disputes and penalties.
In this course you will learn the following:
* Understand the purpose and scope of the demurrage and detention billing requirements.
* Identify the key requirements for compliance with the new rule.
* Implement actionable steps to meet the new billing requirements and deadlines.
* Recognize the consequences of non-compliance with the rule.
Additional information
| Federal Register Title | Demurrage and Detention Billing Requirements. Document Number: 2024-02926 |
|---|---|
| Course SKU | FR-24-642-1 |
| Why This Course Is Important | Without this course, you risk non-compliance with FMC regulations, leading to potential legal penalties and financial losses. |