WebLicensed NVOCCs, whether they are in the U.S. or internationally, must carry a $75,000 bond plus $10,000 per each U.S. unincorporated branch office. Unlicensed, non-U.S.-based NVOCCs must carry a $150,000 bond. OTI License Qualifications Applicants for an OTI license must meet these qualifications: WebThe FMC requires all businesses applying for an NVOCC license to have worked in the freight forwarding industry for a multitude of years, as well as invest in surety bonds to indicate the financial stance of the company.

What Is a Federal Maritime Commission Surety Bond?

WebFederal Maritime Commission Bond: Terminology Guide. FMC: ... U.S. based NVOCCs need to obtain a license, a surety bond and publish a tariff. A published tariff details the … Web-Seafreight: NVOCC service (FMC OTI No. 028018)-Airfreight: Cargo Sale Agent (IATA Code 37300490006)-International senior sale *Key … high price cars in world

Exclusive FMC Bond Programs - International Sureties

WebWhat you will need to submit to obtain your license: Completed Application (Form FMC-18) Proof of Financial Responsibility (FMC-48 Surety Bond or an FMC-69 Surety Bond, Guarantee, Insurance) Application Fee ($825 for new licenses) Appointment of a qualifying individual; Articles of Incorporation, if applicable; Certificate of Good Standing, if ... WebAn OFF or NVOCC seeking a license in the U.S. must obtain the appropriate OTI bond. OTI bonds are distinguished by the bond forms that must be filed with the Federal Maritime Commission: FMC-48 bonds for individual OTIs; FMC-69 bonds for groups of associated OTIs WebFMC Bonds for OFFs U.S. Federal Maritime Commission (FMC) regulations require that all Ocean Freight Forwarders (OFFs) maintain proof of financial responsibility. Most OFFs satisfy this requirement by obtaining an OFF Bond. Licensed OFFs must maintain a bond in the amount of US$ 50,000. how many books are in catholic new testament