Products > Surety Bonds > OTI Bonds
Let Avalon keep you in compliance.
If you’re arranging ocean transportation, let Avalon provide your required OTI bond. The Federal Maritime Commission requires all ocean forwarders and NVOCCs to register with the agency and post proof of financial responsibility to guarantee compliance with the Ocean Shipping Reform Act and FMC regulations.
U.S. Ocean Freight Forwarder – $50,000 bond + $10,000 limit increase for each branch office.
U.S. NVOCC – $75,000 bond + $10,000 limit increase for each branch office. If you’re shipping to or from China, you will also need to obtain the FMC’s supplemental China Rider.
Non-U.S. domiciled, unlicensed NVOCC – $150,000 bond. Avalon is the exclusive provider of the FIATA Group Bond Programme.
To receive more information about Avalon’s OTI Bond program, click here.