The document discusses the Federal Maritime Commission bond (FMC-48 bond) requirements for ocean transportation intermediaries. Non-vessel-operating common carriers and ocean freight forwarders must obtain an FMC-48 bond to provide proof of their financial security and guarantee compliance with Shipping Act regulations. The bond amounts vary depending on the type of services provided, but ocean carriers and freight forwarders will pay a percentage of the total required bond amount.

1. FEDERALMARITIMECOMMISSIONBOND
FEDERAL MARITIME
COMMISSION BOND
2020

2. FEDERALMARITIMECOMMISSIONBOND
FEDERAL MARITIME
COMMISSION BOND?
2020
If you are an ocean transportation intermediary (OTI), then the
Federal Maritime Commission (FMC) requires that you obtain
an FMC-48 surety bond to provide proof of your financial
security.
This includes non-vessel-operating common carriers
(NVOCCs) and ocean freight forwarders (OFFs).
This bond guarantees that the OTI will work by the Shipping
Act of 1984 as well as any other regulations set by the FMC.

3. FEDERALMARITIMECOMMISSIONBOND2020
FMC-48 BOND?

4. FEDERALMARITIMECOMMISSIONBOND2020
You will need to obtain an FMC-48, or Federal Maritime
Commission bond if you provide any of the following services:FMC-48 BOND?
Non-Vessel-Operating Common Carriers
Ocean Freight Forwarders

5. FEDERALMARITIMECOMMISSIONBOND2020
• Work as shippers with vessel-operating common
carriers
• Provide ocean transportation but do not own or
operate the vessel
• Issue your own bills of lading or similar documents
NON-VESSEL-OPERATING
COMMON CARRIERS

6. FEDERALMARITIMECOMMISSIONBOND2020
OCEAN FREIGHT
FORWARDERS
Responsible for organizing movement of international cargo
• Handle shipments from the United States through
common shipper carriers
• Take care of all documentation and other necessary
duties for those shipments

7. FEDERALMARITIMECOMMISSIONBOND2020
You will pay just a percentage of the total bond amount that is
required for your business.
Bond amounts vary depending on the type of service you are
providing in the industry and the amount of coverage required
by the FMC.
FMC-48 BOND COST?

8. SOURCE:
800-333-7800
www.suretybondauthority.com