This is a Preliminary Bond Application for FMC & FMCSA Bonds. Our goal is to respond within two business hours.
Thank you for your interest.
FMC & FMCSA Bond Info:
US Law requires all Ocean Transportation Intermediary (OTI) operations to provide proof of financial responsibility to secure their obligations to the Federal Maritime Commission as well as to third parties for their transportation related activities as an OTI. The most common instrument of financial responsibility is a surety bond:
$50,000 bond limit (for one office) for a “freight forwarder” operation. A Freight Forwarder is engaged in the business of dispatching shipments on behalf of others, in order to facilitate shipment by a common carrier. Freight Forwarders commonly handle most of the freight arrangements on behalf of their shipping customers. Freight Forwarders generally charge fees for the services performed on behalf of their customers. We have a preferred market that would review based on credit information. Just submit the above application.
$75,000 bond limit (for one office) for a “NVO” operation. An NVOCC is an individual or organization engaged in the business of freight consolidation and transportation. An NVOCC takes legal possession of shippers’ cargo and consolidates the shipments, arranges packing, transporting and loading of shipping containers directly with an ocean common carrier. We have a preferred market that would review based on credit information. Just submit the above application.
$150,000 bond limit (for one office) for a “NVO” foreign operation. An NVOCC not located in the United States must submit a completed application and current business financials in $US and in English. Just submit the above application.
$75,000 bond limit (for one office) for Freight Broker Bonds (these can also be called BMC-84 Bonds, Property Broker Bonds, Interstate Commerce Commission (ICC) Bonds, or Transportation Broker Bonds) these are a type of surety bond that are required by the Federal Motor Carrier Safety Administration (FMCSA), for transportation brokers who are operating within the USA. Freight brokers must have the surety bond on file prior to receiving a license from the FMCSA. Just submit the above application.
We have multiple markets available to provide these bonds. Please complete the attached application if we can seek approval and rates for your company.