Helping Freight Forwarders and NVOCCs in Obtaining OTI Bonds

When it comes to selling goods overseas or purchasing goods from an international supplier - you want to ensure you are choosing a freight company that will provide you with a reliable and dependable freight forwarding service. The process of importing and exporting foreign goods can be complex here in the US if you take it lightly and avoid expert assistance. To operate as OFF and NVOCCs successfully, it is mandatory for you to obtain proper OTI Bonds NY which is also part of the licensing procedure.

CBI Customs Bonds & Insurance Inc strives to provide the best bond and insurance solutions to importers, exporters, ocean carriers, brokers, warehouses, and freight forwarders.  Our insurance professionals have been in business since 1981 which enables us to cater to the unique needs of our clients.

We have been successfully delivering services related to customs surety bond for many years now. You may always count on our seasoned agents for purchasing OTI Bonds, Continuous Bond, Importer Security Filling or Single Entry Bonds.

Becoming a competent freight forwarder and non-vessel operating common carrier with steady growth and operations might be difficult nowadays as more franchise-based companies entering this pool. It’s quite hard to get enough business from this niche and competing with other esteemed companies can be full of investments and efforts.

How to set-up an NVOCC in the U.S.? You need to acquire a license for your company. It is a special license issued and approved by the Federal Maritime Commission or the FMC. That license is known as the Ocean Transportation Intermediary license. The Bureau of Certification and Licensing administers the Ocean Intermediary License. The Bureau of Certification and Licensing is an area of the Federal Maritime Commission. A company can obtain an Ocean Transportation Intermediary License first by applying for it and then pass through a series of steps.

These steps entail obtaining necessary OTI Bonds and proving at three years of experience. You may contact us to know more about FMC-18 form and other requirements. An NVOCC is liable for shipping issues and acts as a carrier. This is the difference between a freight forwarder and an NVOCC.

If you have been looking for a reliable surety company or customs broker for any type of customs surety bond, you can contact us today. We provide both continuous bonds and single entry bonds at the best rates in the market.