Ocean Transportation Intermediary (OTI) (FMC-48) - CORPORATION — required surety bond in Federal. Apply online in minutes.
The Ocean Transportation Intermediary (OTI) FMC-48 bond for corporations is a federal surety bond required by the Federal Maritime Commission. It guarantees that the bonded corporation will comply with all federal shipping laws and FMC regulations while operating as an ocean freight forwarder or non-vessel-operating common carrier (NVOCC). It provides financial protection for shippers, carriers, and the federal government against fraud or failure to perform contracted shipping services.
Corporations operating as Ocean Freight Forwarders (OFFs) or Non-Vessel-Operating Common Carriers (NVOCCs) in the United States generally need this bond. It is required for corporate businesses that arrange international ocean freight transportation for clients. Any corporate entity seeking an OTI license from the Federal Maritime Commission must secure this surety bond before commencing operations.
The Federal Maritime Commission requires this bond to ensure the corporation conducts its maritime shipping business ethically and responsibly. It serves as a financial safeguard for consumers and shipping partners in the event the intermediary mishandles freight, fails to pay ocean carriers, or commits fraud. By requiring this bond, the FMC helps maintain the integrity of the international ocean transportation industry.
Applying for your corporate OTI FMC-48 bond is easy when you click the Apply Now button on our website. You can complete our secure online application in about five minutes or call Noah Insurance Agency at 814-718-0060 for assistance. Once approved and payment is processed, your official bond documents will be delivered quickly by email.
The cost of this bond varies based on the required bond amount and the financial strength of the applicant's corporation. Noah Insurance Agency evaluates factors like corporate credit history and business experience to determine your exact premium. Please apply online to receive an accurate, customized quote.
The Federal Maritime Commission sets the required bond amount based on your specific OTI classification, such as whether your corporation is an OFF, an NVOCC, or an unincorporated branch office. Because these requirements vary, you should verify the exact bond amount needed with the FMC before applying.
OTI bonds generally remain in effect continuously until they are canceled by the surety company or the principal. You will need to pay a renewal premium periodically to keep the bond active and maintain your corporate FMC license.
Yes, it is often possible to secure this bond even with less-than-perfect corporate credit. Noah Insurance Agency (814-718-0060) works with a nationwide network of surety partners to find bonding solutions for various financial situations, though premiums may vary based on your credit profile.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
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