neutral body

(shipping) A regulatory entity operating within the framework of a shipping conference, established by the member carriers to act as a self-policing force to ferret out malpractices and other tariff violations. The neutral body has authority to scrutinize all documents kept by the carriers and the carriers’ personnel with right of entry to all areas of the carrier’s facilities including desks, briefcases, etc. Violations found are reported to the membership with significant penalties being assessed. Repeated offenses are subject to escalating penalty amounts. Revenue from penalties are used to support the cost of the neutral body activity. See carrier; conference.

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