What must be filed with the FMC before cargo moves under a VOCC service contract?

The requirement to file essential terms only with the Federal Maritime Commission (FMC) under a VOCC (Vessel-Operating Common Carrier) service contract is based on the regulatory framework governing ocean shipping contracts. Essential terms typically include key information such as the parties involved, the services to be provided, the type of cargo, and the duration of the contract. This filing is important for regulatory oversight and helps ensure that the terms are compliant with maritime law, ensuring transparency in the shipping industry.

Filing only the essential terms allows carriers to maintain some degree of confidentiality regarding the finer details of their agreements, which may include proprietary rates or additional conditions not mandatory for public disclosure. This balance is significant for competition and operational flexibility while still meeting regulatory needs.

The other options, such as complete contract details, approval from the shipper, or a monetary guarantee, are not requirements for the initial filing with the FMC. They could pertain to other aspects of contract administration or negotiation but do not represent the mandatory elements that must be filed before commencing cargo movement under the VOCC service contract.