Overview — NVOCC OTI Bond from Surety One, Inc.
The Federal Maritime Commission (FMC) requires ocean transport intermediaries (OTIs) — both ocean freight forwarders (OFF) and non-vessel operating common carriers (NVOCCs) — to file proof of financial responsibility on form FMC-48 (OMB 3072-0018). Surety One, Inc. provides focused underwriting and placement for FMC OTI bonds so agents can place this specialized surety requirement quickly and correctly.
Bond amounts required by the FMC
- Ocean freight forwarder (OFF): $50,000
- U.S.-based NVOCC and licensed non-U.S.-based NVOCC: $75,000
- Unlicensed non-U.S.-based NVOCC: $150,000
Ideal accounts and appetite
This program is tailored for agents who place freight and maritime clients that need FMC-compliant OTI bonds. Typical accounts that fit well:
- Small to medium U.S.-based NVOCCs and ocean freight forwarders applying for or renewing FMC registration.
- Licensed foreign NVOCCs seeking U.S. market access with the $75,000 bond requirement.
- Unlicensed non-U.S. NVOCCs that must meet the higher $150,000 OTI bond requirement.
Cases that may require more detailed underwriting include firms with significant previous claims, unresolved regulatory issues, or complex multi-state operations. Please submit full operating histories for those accounts.
Coverage highlights and advantages
- Expertise: Underwriting is handled by specialists who understand FMC forms and obligations.
- Speed: Surety One reviews typical NVOCC bond submissions and responds same day.
- Simplified process: Application review and quoting are free of charge, with no obligation to purchase.
- Placement strength: Access to markets that routinely handle freight and maritime surety requirements.
Underwriting notes and how to submit
Underwriting for FMC-48 requires accurate business details, licensing status, and loss or claim history. Typical items requested include a company profile, proof of FMC registration status (if applicable), and financial/background information for principals. Submit applications to Surety One for a fast response.
Surety One, Inc. specializes in freight obligations. A NVOCC bond application submission is reviewed and responded to "same day". We are among the most responsive surety bond underwriters in North America. Call (800) 373-2804 or email us at [email protected] to discuss an OTI bond need.
Territories and availability
This program is available in the following jurisdictions: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY.
Why work with Surety One on OTI/NVOCC bonds
Surety One focuses on freight and transportation surety lines, so you get consistent underwriting geared to FMC obligations and the FMC-48 form. Our responsiveness, subject-matter expertise, and straightforward submission process make placement simpler for agents and brokers handling maritime intermediary clients.
FYI: Forwarders/freight operators may also need a customs bond or if engaged in land operations within the United States, a BMC-84 Freight Broker Bond. Read more about these surety bonds here!
Surety bond application review and quoting are free of charge. There is no obligation to purchase.