COFC Logistics credit bonds.
From $100.
A broker, freight forwarder, or other intermediary that wants COFC Logistics, LLC to bill transportation and container-use charges on credit backs that credit line with a surety bond. COFC sets the amount at its discretion, and the bond guarantees payment within 30 days of the invoice date. Premiums cost 2% of the bond amount, $100 minimum.
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How much does a COFC Logistics credit bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No long underwriting queue for the standard COFC credit bond — enter your amount, consent to a soft pull, and send COFC the executed bond. Here is the whole thing:
Apply online
Your business details, the bond amount COFC Logistics' credit department set for your account, and the effective date — plus a one-time consent to a soft credit pull.
Approved
Most COFC credit bonds clear instantly; the soft credit pull informs approval and never affects your score — pricing is 2% of the bond amount, $100 minimum. Larger amounts may get a brief review.
File with COFC Logistics
Your executed bond and power of attorney arrive by email, ready to send to COFC's Holland, Ohio credit department so your billing terms take effect. Wet-ink originals mailed on request.
What it is and who needs it.
What the COFC Logistics credit bond actually guarantees
This bond is not a government license bond — it is a private credit-security condition COFC Logistics, LLC, an intermodal container logistics company headquartered in Holland, Ohio, sets for shipping intermediaries that want transportation and container-use charges billed on credit instead of paid before service. It applies to intermodal marketing companies, third-party logistics providers, brokers, freight forwarders, and trucking companies — not to direct beneficial cargo owners.
It is a three-party arrangement: you (the principal), the surety carrier, and COFC Logistics, LLC (the obligee). COFC describes it as an indemnity bond guaranteeing only the money actually due — transportation service charges, container-use charges, and related fees — payable within 30 days of the invoice date, with no separate forfeiture provision. If an approved intermediary does not pay on time, COFC can claim against the bond for the unpaid amount, and the intermediary then reimburses the surety.
There is no statutory or published bond-amount schedule — COFC sets the penalty amount at its own discretion, based on the credit volume it is willing to extend to your account. COFC's surety-application process asks for a personal financial statement on bonds above $20,000, and requires the surety to carry at least an AM Best A-Excellent rating. Enter the figure COFC's credit department specified for your account; your premium is priced from a $100 minimum after a quick soft credit check that never affects your score.
You need this bond if you are
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 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.
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 COFC Logistics. Your executed bond and power of attorney arrive by email, ready to send to COFC's Holland, Ohio credit department so your billing terms take effect. Wet-ink originals mailed on request.
What sets the price
The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual underwriting fields, including the bond amount COFC set for your account and a one-time consent to a soft credit pull. The pull never affects your score, and your price — 2% of the bond amount, $100 minimum — is set at application.
Start the application →Common questions.
Other Ohio bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Get your COFC billing terms moving.
2% of the bond amount, $100 minimum, soft pull only. Enter the amount COFC set and send the executed bond to their credit department the same day.