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May 2000
Shipping in the New Millennium
A Change in the Regs, But Not in the Basics
by Heidi Reichert
For the many U.S. exporters who reason that a " level playing field" can make all the difference in the competitive global markets, May 1, 1999 appeared to be a date to celebrate. On that date, the Ocean Shipping Reform Act of 1998 (OSRA) went into effect. Its purpose was to help equalize competition among carriers and bring new flexibility for shippers, in dealing with carriers.OSRA also provides more confidentiality and flexibility in negotiating service contracts than did the prev...
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