|
 Surety Bonds
Global Solutions Insurance Services, Inc. (GSIS) provides all types of classifications of activities of U.S. Customs Bonds and several other bonds that are associated with the U.S. Customs Service and the Federal Maritime Commission. Contact us for surety, continuous, or single transaction bonds, or all of your OTI, NVOCC, and customs bond needs.
Customs Bonds
A Customs Bond guarantees the payment of import duties and taxes as well as assures the compliance with all laws and regulations governing the entry of merchandise into the United States. The parties involved in the bond contract are the principal (Importer of Record), the surety (the insurance company), and the obligee (who the insurance company is paying; in this case, U.S. Customs). Bonds come in two forms; Continuous Bonds are annual bonds which allow multiple shipments to be entered into the U.S. and Single Transaction Bonds which allow for a one time entry of merchandise into the U.S.
OTI Bonds
An OTI (Ocean Transportation Intermediary) Bond is required by the Federal Maritime Commission (FMC) to guarantee compliance with the Ocean Shipping Reform Act. There are two forms of bonds, the Freight Forwarder bond guarantees the Freight Forwarder will carry out all contract made while acting as an Ocean Freight Forwarder, licensed by the FMC. The bond responds to claims made by shippers and carriers (Ocean, Air & Motor), a judgment is not required for a claim to be paid under this bond. The Non-Vessel Operator Common Carrier (NVOCC) bond responds to the payment of any judgment for damages against the NVOCC arising from transportation related activities while acting as an NVOCC, this bond also responds to direct fines and penalties assessed by the FMC. Unlike the Freight Forwarder FMC bond, the Surety must have a judgment to pay a claim.
Applications
BMC 84 / Property Broker Bond
Single Entry Bond (SEB)
CF301 (Continous Bond)
International Carrier
Custom Warehouse
OTI/NVOCCl
Client Services
Issue New SEB
File New CTB
SEB History
Bond Filing Guidelines
Forms
Address Rider
Name Change Rider
CBP 5106
Limited POA
Contact us for more information on the bonds we provide.
|
