Federal Ocean Transportation Intermediary | Ocean Transportation Intermediary Surety Bond
Also known as: transportation bond
Type of Bond
A Federal Ocean Transportation Intermediary Bond is a type of surety bond required by the Federal Maritime Commission (FMC) for businesses operating as ocean freight forwarders or non-vessel operating common carriers (NVOCCs) in the United States. The bond guarantees that the intermediary will comply with all applicable federal laws and regulations related to the transportation of goods by ocean, including the proper handling and documentation of shipments, the payment of freight charges and other fees, and the protection of cargo from loss or damage. The bond also provides a means for the government to recover any financial losses resulting from the intermediary's actions. In addition to federal requirements, some states may also require ocean transportation intermediary bonds or other financial guarantees for regulatory compliance.
Program
The price you'll pay for your Ocean Transportation Intermediary Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of Ocean Transportation Intermediary Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a Ocean Transportation Intermediary Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Ocean Transportation Intermediary Bond Application process.
Obligee Information
An obligee is the entity that is requiring you to have the Ocean Transportation Intermediary bond.
Obligee: FEDERAL MARITIME COMMISSION – BUREAU OF CERTIFICATION AND LICENSING
Street: 800 NORTH CAPITOL STREET, NW, ROOM 970
State: District of Columbia
Zip: 20573
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!