Exclusive bond program. Simple application. Industry low rates.
✔ Freight Forwarder
✔ Foreign NVOCC
International Sureties developed an exclusive program to issue FMC bonds quickly and easily. Our company is turned to for excellent service and low annual rates, and our surety markets are all Treasury Department approved and acceptable to the FMC.
As a major provider for FMC bonds, Freight Forwarders and NVOCC’s trust us to see that their bonds are filed correctly with the Federal Maritime Commission.
Click below to apply online or reach out directly to any of our Logistics Bond Specialists.
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Exclusive Bond Programs
A-Rated Surety Providers
Licensed in Every State
Companies located in the United States can be licensed and required to provide the $50,000 Freight Forwarder and/or $75,000 NVOCC bond. ONLY companies located outside of the United States will obtain the $150,000 Foreign NVOCC bond. The FMC will not accept the $150,000 Foreign NVOCC bond from a Domestic company.
Domestic OTI’s applying for the $50,000 Freight Forwarder and $75,000 NVOCC bonds should be licensed before getting a bond. There is no advantage to getting the bond before being licensed and able to operate, and you should coordinate directly with the FMC or a company that specializes in assisting with the licensing process, but International Sureties does not provide those services.
NVOCCs wishing to serve in the U.S.-China trade may file Optional Rider for Additional NVOCC Financial Responsibility, to meet the Chinese government’s financial responsibility requirements. This rider adds an additional $50,000 to the NVOCC bond to make their bonded total $125,000. The rider amount is available to pay fines and penalties for activities in the U.S.-China trades imposed by the Chinese government. This rider is accepted as a convenience to U.S. NVOCCs and any questions about the NVOCC requirements of the Chinese government should be directed to that government. The Optional Rider for Additional NVOCC Financial Responsibility is filed by rider to Form FMC-48 or Form FMC-69. If the underlying bond is cancelled, the rider is cancelled with the bond. The rider may be cancelled independent of the bond.
The bond ensures the OTI will faithfully perform its duties and manage funds, and is open to claims from any and all persons, including the FMC itself, for damages arising out of its ocean-transportation related activities. More specifically, the bond protects “any and all persons who have obtained a judgment or a settlement made pursuant to a claim under 46 CFR § 515.23 for damages against the Principal arising from its transportation-related activities or order of reparation issued pursuant to section 11 of the Shipping Act, and the Federal Maritime Commission for any penalty assessed against the Principal pursuant to section 13 of the Shipping Act.”
The bond, however, does not apply to shipments of used household goods and personal effects for the account of the Department of Defense or federal civilian executive agencies administered by the General Services Administration (GSA). At International Sureties, GSA bonds are handled by the Logistics department in addition to the FMC bonds.
For assistance with FMC Bonds, please contact one of our Logistics Bond specialists:
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