[Federal Register Volume 74, Number 217 (Thursday, November 12, 2009)]
[Notices]
[Pages 58291-58292]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-27192]


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FEDERAL MARITIME COMMISSION

[Petition No. P1-09]


Petition of Hanjin Shipping Co., Ltd. for an Exemption From 46 
CFR 530.10; Notice of Filing and Request for Comments

Served: November 6, 2009.
    This is to provide notice of filing and to invite comments on or 
before November 16, 2009, with regard to the Petition described below.
    Hanjin Shipping Co., Ltd. (Petitioner), has petitioned the 
Commission pursuant to 46 CFR 502.69 of the Commission's Rules of 
Practice and Procedure, for an exemption from the Commission's rules 
requiring individual service contract amendments, 46 CFR 530.10. 
Specifically, Petitioner requests that the Commission permit the 
submission of a ``universal notice'' to the Commission of its upcoming 
corporate reorganization in lieu of requiring individual service 
contract amendment filings with respect to more than 2,700 service 
contracts. Petitioner separately commits to provide each service 
contract shipper counter-party with electronic notice of this

[[Page 58292]]

corporate change and instructions on how to request preparation of a 
``formal consent'' should one be required.
    Effective December 1, 2009, Petitioner's shipping business will be 
transferred to a new affiliate company using the same name ``Hanjin 
Shipping Co., Ltd.'', operating with the same vessels, equipment and 
personnel. Petitioner states that, under Korean law, the current 
corporation and the new corporation remain jointly and severally liable 
for Hanjin's contracts, and that the current corporation guarantees the 
performance of the new corporation, including its service contracts. 
Petitioner concludes that the change in contract party is primarily 
administrative in nature, and will cause no prejudice to any shipper 
counter-party.
    In order for the Commission to make a thorough evaluation of the 
Petition, interested persons are requested to submit views or arguments 
in reply to the Petition no later than November 16, 2009. Replies shall 
consist of an original and 15 copies, be directed to the Secretary, 
Federal Maritime Commission, 800 North Capitol Street, NW., Washington, 
DC 20573-0001, and be served on Petitioner's counsel, Robert B. 
Yoshitomi, Nixon Peabody LLP, Gas Company Tower, 555 West Fifth Street, 
46th Floor, Los Angeles, CA 90013. A copy of the reply shall be 
submitted in electronic form (Microsoft Word) by e-mail to 
[email protected].
    The Petition will be posted on the Commission's Web site at http://www.fmc.gov/reading/Petitions.asp. Replies filed in response to this 
petition also will be posted on the Commission's Web site at this 
location.
    Parties participating in this proceeding may elect to receive 
service of the Commission's issuances in this proceeding through e-mail 
in lieu of service by U.S. mail. A party opting for electronic service 
shall advise the Office of the Secretary in writing and provide an e-
mail address where service can be made.

Karen V. Gregory,
Secretary.
[FR Doc. E9-27192 Filed 11-10-09; 8:45 am]
BILLING CODE 6730-01-P