Ocean Transportation Intermediary licensing, registration, and financial-responsibility requirements are set by the Federal Maritime Commission under 46 CFR Part 515, implementing 46 U.S.C. §§ 40901–40904. Section 515.21 sets bond amounts by OTI category. Confirm your exact required amount with the FMC or your license/registration paperwork before applying — the figure differs for freight forwarders and NVOCCs, and between non-negotiated- and negotiated-rate NVOCCs.

What the OTI bond actually guarantees

You need this bond if you're

Most standard OTI bonds issue right after purchase. Your e-signed FMC-48 bond and power of attorney will arrive by email, ready to file with the FMC.

4% of the bond amount, from $2,000 at the $50,000 minimum: the 46 CFR Part 515 OTI bond a sole proprietor or partnership files with the FMC.

Ocean Transportation Intermediary (OTI) Bond (FMC-48) — Sole Proprietorship or Partnership

Ocean Transportation Intermediary (OTI) (FMC-48) - Sole Prop or Partnership

Final premium can vary based on underwriting factors

How this works?

If you are a non profit select Corporation

All future bond correspondence and renewals will be sent to this address

Clear pricing.Instant issuance.