{"data":{"id":"us/46-cfr-535.311","jurisdiction":"us","citation":"46 CFR 535.311","heading":"Low market share agreements—exemption.","body":"(a) Low market share agreement means any agreement among ocean common carriers which contains none of the authorities listed in § 535.502(b) and for which the combined market share, based on cargo volume, of the parties in any of the agreement's sub-trades is either:\n(1) Less than 30 percent, if all parties are members of another agreement in the same trade or sub-trade containing any of the authorities listed in § 535.502(b); or\n(2) Less than 35 percent, if at least one party is not a member of another agreement in the same trade or sub-trade containing any of the authorities listed in § 535.502(b).\n(b) Low market share agreements are exempt from the waiting period requirement of the Act and this part, and are effective on filing.\n(c) Parties to agreements may seek a determination from the General Counsel, as to whether a proposed agreement meets the general definition of a low market share agreement.\n(d) The filing fee for low market share agreements is provided in § 535.401(g).","path":["Title 46—Shipping","CHAPTER IV—FEDERAL MARITIME COMMISSION","SUBCHAPTER B—REGULATIONS AFFECTING OCEAN SHIPPING IN FOREIGN COMMERCE","PART 535—OCEAN COMMON CARRIER AND MARINE TERMINAL OPERATOR AGREEMENTS SUBJECT TO THE SHIPPING ACT OF 1984","Subpart C—Exemptions"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-46.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:22Z","sha256":"a6faef37cacf1aa7515e42c99b6f3fb0d73524b807e09ebb47b4c3a89785b43f","source_id":"us-cfr","stale":true,"prev":"us/46-cfr-535.310","next":"us/46-cfr-535.312"},"notice":"GroundRules: Original legal text. Not legal advice."}