We agree with the decision and order of the Federal Maritime Commission, 1 that appellant, who is licensed as an independent ocean freight forwarder, cannot hold such a license if he acts as shipper, agent for a consignee, seller, financier, or has obtained a beneficial *1001 interest in the goods shipped. See 46 U.S.C. 801, 841b; 46 C.F.R. 510.21(1); and prior decisions of the Commission cited in the ALJ’s decision. Norman G. Jensen, Inc. v. FMC, 497 F.2d 1053 (C.A.8, 1974), is not to the contrary, and indeed appellant does not contend that it is. It involved a forwarder’s relationship to ITC, an interlocking company that performed services for shippers but acquired no beneficial interest in shipments.

The decision and order of the Commission are affirmed.