Ocean Transportation Intermediary (OTI) Group Supplemental (FMC-69) - Sole Prop or Partnership — required surety bond in Federal. Apply online in minutes.
The Ocean Transportation Intermediary (OTI) Group Supplemental Bond (FMC-69) is a federal surety bond that guarantees an individual or partnership will comply with Federal Maritime Commission regulations. It serves as supplemental coverage when an entity operates under a larger group bond, ensuring financial protection for shippers and carriers against fraudulent or unethical shipping practices.
This bond is typically required for sole proprietors or partnerships operating as Ocean Freight Forwarders (OFF) or Non-Vessel-Operating Common Carriers (NVOCC). It is necessary for those who choose to meet their financial responsibility obligations by participating in a group bond rather than obtaining an individual FMC-48 bond.
The Federal Maritime Commission requires this bond to protect consumers, shippers, and ocean carriers from financial harm. It guarantees that the sole proprietor or partnership will properly handle cargo, remit payments, and operate ethically in the international shipping industry.
Applying with Noah Insurance Agency (814-718-0060) is simple and quick. Click Apply Now to complete our secure, roughly 5-minute online application. Once processed and approved, your official bond will be delivered directly to you by email.
Premiums vary based on the applicant's personal credit history and business financials. Please apply online with Noah Insurance Agency to receive an exact premium quote for your specific situation.
Bond amounts vary depending on your specific classification (OFF or NVOCC) and current federal guidelines. You must verify the exact required bond amount with the Federal Maritime Commission before obtaining your bond.
Yes, applicants with less-than-perfect credit can often still secure a bond, though the premium requirements will vary. Apply online through our secure portal to see the exact terms available for your credit profile.
Processing times vary depending on the applicant, but applying online helps expedite the review. Once your application is approved and payment is finalized, Noah Insurance Agency will deliver your bond via email.
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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