Lance Surety Bond Associates, Inc.

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Ocean Transportation Intermediary (OTI) Bond

What is an OTI Bond?

The Ocean Transportation Intermediary (OTI) Bond is required for all Ocean Transportation Intermediaries operating in the U.S., which are Non-Vessell Operating Common Carriers (NVOCC) and Ocean Freight Forwarders. This bond requirement goes hand and hand with the ocean freight forwarder license, and is set in place to ensure that rules and regulations set forth by the Federal Maritime Commission are followed. It also guarantees that all applicable contracts with carriers and shippers are honored by the principal.

For a FREE QUOTE, complete our online Ocean Transportation Intermediary Bond application.

Bond Requirements

$50,000 - Ocean Freight Forwarders
$75,000 - NVOCCs

NOTE: OTIs are required to increase their surety bond by $10,000 for each additional branch office/location they operate out of in the U.S.

FMC-48 and FMC-69 Bond Forms

Click the following links to view the OTI Bond Forms:

Ocean Transportation Intermediary Bond (FMC-48)
Ocean Transportation Intermediary Group Bond Form (FMC-69)