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OMB No. 30720018 Expires 12/31/2023Form FMC69 FEDERAL MARITIME COMMISSION Ocean Transportation Intermediary (OTIS) Group Bond Form Ocean Transportation Intermediary (OTIS) Group Supplemental Coverage
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How to fill out fmc-69 oti group bond

01
To fill out the FMC-69 OTI Group Bond, follow these steps:
02
Start by providing the name of the principal or the company applying for the bond.
03
Include the business address, phone number, and email address of the principal or company.
04
Specify the effective date of the bond and the duration for which it will be valid.
05
Indicate the bond amount being applied for and the method of payment.
06
Provide any additional information required, such as any previous bond history or financial statements.
07
Sign and date the bond application.
08
Submit the completed FMC-69 OTI Group Bond application to the appropriate authority or agency.

Who needs fmc-69 oti group bond?

01
Anyone who operates as an OTI (Ocean Transportation Intermediary) group needs to obtain the FMC-69 OTI Group Bond.
02
OTI groups include freight forwarders, non-vessel operating common carriers (NVOCCs), and ocean freight forwarders.
03
This bond is a legal requirement imposed by the Federal Maritime Commission (FMC) to ensure financial responsibility and compliance with regulations in the ocean freight transportation industry.
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The FMC-69 OTI Group Bond is a financial guarantee required by the Federal Maritime Commission (FMC) to ensure that organizations operating as Ocean Transportation Intermediaries (OTIs) fulfill their obligations under the Shipping Act.
Ocean Transportation Intermediaries, specifically non-vessel operating common carriers (NVOCCs) and freight forwarders, are required to file the FMC-69 OTI Group Bond.
To fill out the FMC-69 OTI Group Bond, you need to provide the names of the group members, the bond amount, and the signatures of the designated members. It is important to ensure that all required fields are accurately completed.
The purpose of the FMC-69 OTI Group Bond is to protect the interests of shippers and ensure that OTIs operate in compliance with regulations, providing financial coverage for any potential claims or liabilities.
The FMC-69 OTI Group Bond must report information such as the names of the OTI participants, the bond amount, the effective date of the bond, and associated signatures.
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