A neutral body, in the context of an ocean conference, refers to an organization formed by the participating members to act as a self-regulatory and investigative authority. It is tasked with overseeing and enforcing tariff regulations within the ocean shipping industry. It has the power to thoroughly examine all documents maintained by carriers and their personnel to identify any violations related to tariffs and regulations. When violations are identified, the neutral body reports them to the conference’s membership, and substantial penalties are imposed as a consequence. It plays a crucial role in maintaining fairness, transparency, and compliance within the industry, ensuring that all members adhere to the established rules and regulations.