FREE SURETY BOND QUOTE
Federal Maritime Commission Surety Bonds - OTI, NVOCC & OFF Bonds
A1SuretyBonds.com - Your Trusted Partner for FMC Bonds!
If you are a Non-Vessel Operating Common Carrier (NVOCC) or an Ocean Freight Forwarder (OFF), the Federal Maritime Commission (FMC) requires you to secure an FMC-48 Bond, also known as a NVOCC or OFF Surety Bond. These surety bonds are a mandatory licensing requirement, protecting shippers and ensuring compliance with U.S. maritime law.
Apply Now! and get your FMC Bond issued fast, at competitive rates.
What Is an FMC Bond and who needs it?
An FMC Bond is a surety bond required by the Federal Maritime Commission (FMC) for companies operating as:
Non-Vessel Operating Common Carriers (NVOCCs) – Companies that arrange ocean freight but do not own vessels. US Based and Foreign entities must comply.
Ocean Freight Forwarders (OFFs) – Agents who arrange and manage cargo shipments for exporters to international destinations.
The FMC-48 Bond ensures that licensed companies follow federal regulations, meet financial obligations, and protect shippers from losses due to fraud, mismanagement, or non-performance.
Without a valid Federal Maritime Commission Bond, your license application will be denied, and you cannot legally operate in the United States.
Applicants for OTI license bond must be a partner, officer or sole proprietor of the applying business
Reference: Federal Maritime Commission – Licensing & Bonds
FMC Required Bond Amounts
The FMC sets bond requirements based on the type of operation:
U.S. NVOCCs: $75,000
Additional $10,000 for each unincorporated branch office in the United States performing NVOCC services. (call for details)
- Additional $21,000 optional rider is needed for NVOCC’s serving in the US – China Trade to cover Chinese government financial responsibility requirements. (call for details)
Foreign NVOCCs: $150,000 FMC bond
Ocean Freight Forwarders (OFFs): $50,000
Additional $10,000 for each unincorporated branch office in the United States performing ocean freight forwarder services. (call for details)
These bond amounts are fixed by regulation and must be in place at all times to maintain your FMC license.
How Much Do FMC Bonds Cost?
While the FMC sets the required bond amount, your actual bond premium depends on your qualifications.
Typical premiums range from just under 1% of the bond amount annually.
| FMC Bond Type | Required Bond Amount | Typical Premium Range |
|---|---|---|
| Non-Vessel Operating Common Carries (NVOCC) - U.S. Entity | $75,000 | Less than 1% for qualifying applicants* |
| Non-Vessel Operating Common Carries (NVOCC) - Foreign entity | $150,000 | Less than 1% for qualifying applicants* |
| Ocean Freight Forwarder (OFF) | $50,000 | Less than 1% for qualifying applicants* |
*Rates vary based on creditworthiness and financial strength of the applicants.
Apply Now to see your exact FMC Bond rate and lock in fast approval.
Why Are FMC Bonds Required?
The FMC requires bonds to:
Protect shippers from financial loss or fraud.
Ensure compliance with 46 U.S.C. Chapter 409 and 46 C.F.R. Part 515.
Provide financial recourse if an NVOCC or OFF violates federal maritime law.
Support ethical practices in international shipping and forwarding.
An FMC Bond demonstrates that you are a licensed, trustworthy, financially stable operator, giving clients confidence in your services.
How to Apply for an FMC Bond
Getting your Federal Maritime Commission Bond is a straightforward process:
Complete our Application – Provide your company and owner personal information.
Underwriting Review – The surety evaluates your eligibility and provides a quote.
Review your bond quote and decide to accept / pay for your bond - provide signed indemnity agreement and payment
Your bond is issued! the surety company will file your bond directly with the Federal Maritime Commission.
Stay Compliant – Renew your bond annually to keep your FMC license active.
Many FMC Bonds are approved same day or as little as 24 hours.
Apply Now and get your FMC Bond quickly and easily.
Why Choose A1SuretyBonds.com for Your FMC Bond?
Fast Approvals: Many FMC Bonds issued within one business day.
Competitive Premiums: Rates less than 1% of the bond amount.
Industry Experts: We specialize in FMC Bonds and understand FMC regulations.
Trusted by Professionals: Thousands of freight forwarders and NVOCCs rely on us.
Apply Now — secure your FMC Bond today.
Frequently Asked Questions (FAQ)
1. What is an FMC Bond?
An FMC Bond, also called a Federal Maritime Commission Bond or FMC-48, is a surety bond required for NVOCCs and OFFs to obtain an FMC license.
2. How much is an FMC Bond?
Premiums usually range from just below 1% to 5% of the bond amount depending on the applicant’s creditworthiness and financial strength.
3. Do foreign NVOCCs need a bond?
Yes. Foreign NVOCCs must secure a $150,000 FMC Bond to operate legally under FMC jurisdiction.
Ready to apply? Let A1Suretybonds.com help you secure your FMC Bond now.
Are you looking for the BMC-84 bond for Freight Brokers?