There are numerous companies in the US that offer reliable
and efficient packaging and freight forwarding services. Most of them keep
working on their process to lend wings to their shipping service. While these
companies deal with thousands of packages from different locations across the
world, they also need to keep in mind the rules and regulations. Of course, OTI Bonds NY is a part of these
regulations.
The Federal Maritime Commission (FMC) requires all ocean freight forwarders and non-vessel operating common carriers to obtain a license under the Shipping Act of 1984. The purpose of this act was to make the process of common ocean carriage more impartial and to reduce the intervention of government authorities.
Any OFF agency in the US that offers the services mentioned in the below points is required to obtain a valid license from FMC and submit proof of financial responsibilities in forms of OTI bonds.
· Manages cargo movement to international destinations.
· Dispatches shipments from the United States via common carriers and books or otherwise arranges space for those shipments on behalf of shippers.
· Handles the documentation and performs related activities pertaining to those shipments.
If you’re an importer based in the US, you may be already familiar with customs bonds CA. Importers who import commercial goods that valued above $2,500 are required by the Customs and Border Protection (CBP) to purchase appropriate size of customs bonds.
Customs brokers and insurance agencies arranges bond placement on behalf of importers. If you’re looking for reliable and experienced insurance professionals to obtain OTI Bonds, CBI Customs Bonds & Insurance Inc can help you obtain one at the most competitive rates in the market.
We partner with you and deliver exceptional customer experience, highly committed service, and advanced automation. Our goal is to make client’s job easier and more efficient, resulting in your increased profitability and improved performance.
If you’re seeking to become a licensed ocean transportation intermediary and ensure you comply with all federal rules and regulations, you can consult with our surety bond experts. We are dedicated to giving the most pertinent information and solutions for your bond needs.
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