---
kind: "section"
citation: "46 U.S.C. § 40903"
title: "46"
title_heading: "Shipping"
number: "40903"
heading: "Suspension or revocation of license"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/46/40903"
units:
  - "Subtitle IV — Regulation of Ocean Shipping"
  - "Part A — Ocean Shipping"
  - "Chapter 409 — Ocean Transportation Intermediaries"
---

# §40903. Suspension or revocation of license

- (a) **Failure To Maintain Qualifications or To Comply.—** The Federal Maritime [Commission](/usc/46/42501.md?p=1), after notice and opportunity for a hearing, shall suspend or revoke an [ocean transportation intermediary](/usc/46/40102.md?p=20)’s license if the [Commission](/usc/46/42501.md?p=1) finds that the [ocean transportation intermediary](/usc/46/40102.md?p=20)—
  - (1) is not qualified to provide intermediary services; or
  - (2) willfully failed to comply with a provision of this part or with an order or regulation of the [Commission](/usc/46/42501.md?p=1).
- (b) **Failure To Maintain Bond, Proof of Insurance, or Other Surety.—** The [Commission](/usc/46/42501.md?p=1) may revoke an [ocean transportation intermediary](/usc/46/40102.md?p=20)’s license for failure to maintain a bond, proof of insurance, or other surety as required by [section 40902(a) of this title](/usc/46/40902.md?p=a).

## Source credit

(Pub. L. 109–304, § 7, Oct. 6, 2006, 120 Stat. 1539.)

## Notes

| Historical and Revision Notes |  |  |
| --- | --- | --- |
| Revised<br>Section | Source (U.S. Code) | Source (Statutes at Large) |
| 40903 | 46 App.:1718(c). | Pub. L. 98–237, § 19(c), Mar. 20, 1984, 98 Stat. 88; Pub. L. 105–258, title I, § 116, Oct. 14, 1998, 112 Stat. 1912. |

In subsection (a)(2), the words “lawful” and “rule” are omitted as unnecessary.