{"id":86154,"date":"2022-03-04T12:01:13","date_gmt":"2022-03-04T05:01:13","guid":{"rendered":"https:\/\/advantage.vn\/vi\/?p=86154"},"modified":"2022-08-20T15:15:45","modified_gmt":"2022-08-20T08:15:45","slug":"fmc-a-passport-ticket-to-join-us-market","status":"publish","type":"post","link":"https:\/\/advantage.vn\/en\/fmc-a-passport-ticket-to-join-us-market\/","title":{"rendered":"FMC – A passport ticket to join US market"},"content":{"rendered":"

[Advantage Logistics<\/a><\/span>] The United States is a strict market not only on goods quality standards, but also tightens many regulations on goods declaration for the authorities. In it, there is an agency that plays a very important role – it is the US Federal Maritime Commission (FMC). The FMC license issued by this Commission is the passport that brings Vietnamese logistics enterprises deep into the US market – the largest export market in Vietnam today. <\/strong><\/p>\n

A passport ticket into US market<\/span><\/h2>\n

In recent years, the United States has always been Vietnam’s largest export market. According to statistics, two-way trade turnover between Vietnam and the United States has increased from 450 million USD in 1995 to 90.8 billion USD in 2020. In 2021, despite the negative impacts of the pandemic During the Covid-19 pandemic, Vietnam-US trade continues to grow, and is expected to hit the $100 billion mark. Vietnam has also become the 10th largest trading partner of the United States, becoming an important link in the supply chain of many types of goods for this market.<\/p>\n

Out of more than 30,000 businesses registered to provide logistics-related services, only about 4,000 are capable of providing international connection services, especially sea freight services. The FMC license issued by the US Federal Maritime Commission is an important key, the ticket to bring Vietnamese logistics businesses deep into the US market.<\/p>\n

\"FMC\"<\/a><\/p>\n

Most logistics enterprises, freight forwarders providing international shipping services on the US route are joint ventures and foreign enterprises with a global office system, so they have many advantages in signing contracts with customers. shipping lines due to having the US Federal Maritime Commission (FMC) operating license for shipping intermediaries \u2013 OTI of parent companies (FMC license).<\/p>\n

FMC’s regulations related to container shipping to the United States are very strict, requiring a thorough understanding of local regulations and professionalism to avoid the risk of taxes, fees, and fines at the place of delivery. cargo as well as transshipment points.<\/p>\n

According to Ms. Vo Thi Phuong Lan, Head of Transportation and Forwarding Department of VLA Executive Board, FMC’s function is to ensure that the international shipping supply system is competitive and reliable to support the economy. economy and protect customers during transportation, delivery and receipt of goods into the US territory.<\/p>\n

\"US<\/a><\/p>\n

Every year, FMC will review and monitor all agreements between shipping lines and port operators and contracts of carriage between shipping lines and NVOCC. FMC also maintains and reviews service contracts that are kept confidential and prevent adverse effects on the carriage of goods to and from the United States. Normally, FMC also provides forums for importers and exporters and members of shipping companies to support seaport operations and limit risks and disputes. At the same time, ensure the normal tariff and fee schedule announced by shipping lines in the automatic tariff system on FMC’s website.<\/p>\n

How to apply for a FMC license?<\/span><\/h2>\n

With the goal of performing the task of improving competitiveness and developing logistics services in Vietnam according to Decision 221\/QD-TTg amending and supplementing Decision 200\/QD-TTg dated 14\/02\/2017 on approving Action plan to improve competitiveness and develop logistics services in Vietnam by 2025, as well as towards the goal of improving the capacity of sea freight transport to the US for businesses of Association members. VLA in particular and enterprises operating in the field of logistics in general. VLA\u00a0 Association held a seminar “General provisions on registration of FMC license for Vietnamese logistics enterprises”.<\/p>\n

At the seminar, Ms. Lam Hoang Bao Phuong shared useful knowledge and experiences for Vietnamese businesses to prepare for the registration of FMC licenses.<\/p>\n

\"the<\/a><\/p>\n

5 steps for Vietnam logistics enterprises to register the FMC license<\/span><\/h2>\n