Maine aquaculture lease bonds.
$100 flat.
Maine's Department of Marine Resources can require an aquaculture lease holder to post a $5,000 bond under Title 12 to cover the State's cost of removing equipment and stock if a lease is abandoned. Ours is $100 flat — the price you see is the checkout price. No credit check.
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How much does a Maine aquaculture lease bond cost?
$100 at the $5,000 amount, the same for every applicant.
Three steps. One sitting.
License bonds are the simplest thing in surety. Here's the entire process:
Apply online
Business details, the location of your Maine aquaculture lease, and an effective date. That is the application. No credit check.
Pay & e-sign
License bonds like this are among the thousands of bond types that issue right after purchase.
File with Marine Resources
Your executed bond and power of attorney arrive by email, ready to file with the Department of Marine Resources. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Maine's Department of Marine Resources issues aquaculture leases — for shellfish, finfish, and seaweed operations in coastal waters — under Title 12. A condition of some leases is a surety bond that backs the public cost of cleaning up after a lease ends or is abandoned.
Under 12 M.R.S. §6086, if a lease holder leaves equipment or stock behind and the State has to remove it, the State can recover its removal costs against any bond the lease holder posted. A $5,000 bond is a common amount for that purpose.
It is not insurance for you — if the State recovers removal costs against the bond, you repay the surety. The bond stays in place for the life of your lease, so we track it and notify you 60 and 30 days out.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $5,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with Marine Resources. Your executed bond and power of attorney arrive by email, ready to file with the Department of Marine Resources. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $100 at the $5,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields. No credit check.
Start the application →Common questions.
Other Maine bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Aquaculture lease bond, issued today.
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.