Carriers of the Far Eastern Freight Conference agreed to end its
long-established practice of setting common inland rates. The FEFC lines
also decided at a May 26 meeting to remove the tariff provisions concerning
freight forwarding commission.
The carriers of the Asia/Europe conference had said they would give up
inland pricing if the European Shippers’ Council accepted a compromise
announced last October in Barcelona. Under the compromise, shipping lines
hoped to obtain more legal clarity and an antitrust exemption for their
joint port-to-port service contracts. However, the ESC has not accepted the
Barcelona compromise.
The EC continues to oppose inland pricing by conferences.
FEFC TO END INLAND RATE-MAKING
FEFC TO END INLAND RATE-MAKING
