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Get the free FREIGHT BROKER BOND (BMC-84) APPLICATION

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INTERNATIONAL BOND & MARINE BROKERAGE, LTD. TWO HUDSON PLACE, FOURTH FLOOR HOBOKEN, NEW JERSEY 07030 PHONE (201) 6536100 FAX (201) 6537766 BOND@INTLBONDMARINE.COM INTLBONDMARINE.COMPROPERTY BROKERS
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How to fill out freight broker bond bmc-84

01
To fill out the freight broker bond BMC-84, follow these steps:
02
Download the BMC-84 form from the relevant authority's website.
03
Provide your legal business name, address, and phone number in the designated fields.
04
Include information about the power of attorney or surety company you are working with.
05
Specify the bond amount you are applying for, which is typically $75,000.
06
Sign and date the form, ensuring all necessary fields are completed accurately.
07
Submit the completed form along with any required supporting documents to the relevant authority.
08
Pay the required fees associated with the bond application.
09
Await approval from the authority, which may involve a review of your application and background check.

Who needs freight broker bond bmc-84?

01
Freight broker bond BMC-84 is needed by individuals or companies acting as freight brokers in the United States.
02
Any entity that arranges the transportation of property for compensation and utilizes motor carriers to provide the actual transportation service is required to have a freight broker bond.
03
This bond is a legal requirement mandated by the Federal Motor Carrier Safety Administration (FMCSA) to ensure financial protection for shippers and carriers against fraud or failure to pay by freight brokers.
04
Without the proper bond in place, individuals or companies engaged in freight brokerage cannot legally operate in the United States.
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The freight broker bond BMC-84 is a financial guarantee required by the Federal Motor Carrier Safety Administration (FMCSA) for freight brokers, ensuring that they will comply with regulations and fulfill their obligations to their clients and carriers.
Freight brokers who are looking to operate legally in the United States are required to file the BMC-84 bond as part of the FMCSA's licensing requirements.
To fill out the freight broker bond BMC-84, the broker must provide information such as their legal name, address, and the name of the surety company issuing the bond, along with signatures from the surety and the broker.
The purpose of the BMC-84 bond is to protect clients and carriers from financial loss due to the broker's failure to pay for services rendered, essentially serving as a form of insurance.
The BMC-84 form requires the broker's legal name, address, the surety company's details, the bond amount, and signatures of the broker and surety.
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