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FMC fact-finding into coronavirus financial impact on cruise lines operating from US

Article-FMC fact-finding into coronavirus financial impact on cruise lines operating from US

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The US Federal Maritime Commission launched a fact-finding investigation to identify commercial measures cruise lines can adopt to mitigate COVID-19-related impacts.

FMC Commissioner Louis E. Sola aims to engage cruise industry stakeholders to identify commercial solutions to COVID-19 issues interfering with operations.

Effort to determine economic stability of the lines

'Fact Finding 30 is an effort to determine the economic stability of the cruise lines. When we talk about the "cruise industry" we tend to think of the ship and vessel operator, but there is an exhaustive list of American citizens and businesses who rely on the work they do for the cruise lines,' Sola said.

'The sooner cruise companies are able to resume operations and provide certainty to the public about the lines’ financial security, the sooner we can bring stability to enterprises and communities that rely on the cruise industry for their livelihoods. I am confident that the fact-finding will identify useful commercial measures industry can take to achieve those goals,' he continued.

The FMC is tasked with overseeing the financial responsibilities of cruise lines for non-performance of transportation. These provisions apply to companies operating vessels with 50 or more berths that embark passengers at US ports.

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