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Glossary

Shipping Act of 1984

USA; effective June 18th, 1984, describes the law covering water transportation in the US foreign trade. The passage of the Shipping Act of 1984 brought about a major deregulatory change in the regulatory regime facing shipping companies operating in the US foreign commerce. The subsequent passage of the Ocean Shipping Reform Act of 1998, with its further deregulatory amendments and modifications to the Shipping Act of 1984 (which took effect on May 1st, 1999), represented another pro-market shift in shipping regulation.

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