The Non-Vessel Operating Common Carrier Bond, also known as an NVOCC Bond, is required by all those engaged as Ocean Transportation Intermediaries (OTI’s) and guarantees compliance with the Ocean Shipping Reform Act

Currently, a domestic NVOCC is required to execute a $75,000 NVOCC Bond (Form 48); and a $150,000 NVOCC Bond is required for a foreign NVOCC. If there are several NVOCC branches domestically, each one of the branches will add $10,000 to the NVOCC Bond total.