OMB No. 3072-0012 

Expires 07/31/2025

FMC Form 132B

(Rev. 05/2017) 

Form FMC-132B to Subpart B of Part 540

(5-67)

FEDERAL MARITIME COMMISSION

Surety Co. Bond No. ____________

FMC Certificate No. _____________ 

Passenger Vessel Surety Bond (46 CFR Part 540)

Know all men by these presents, that We ______________________ (Name of applicant), of 

________________________ (City), _________ (State and country), as Principal (hereinafter 

called Principal), and __________________________ (Name of surety), a company created and 

existing under the laws of _________ (State and country) and authorized to do business in the 

United States, as Surety (hereinafter called Surety) are held and firmly bound unto the United 

States of America in the penal sum of _________, for which payment, well and truly to be made, 

we bind ourselves and our heirs, executors, administrators, successors, and assigns, jointly and 

severally, firmly by these presents.

Whereas, the Principal intends to become a holder of a Certificate (Casualty) pursuant to the 

provisions of subpart B of part 540 of title 46, Code of Federal Regulations, and has elected to 

file with the Federal Maritime Commission such a bond to insure financial responsibility to meet 

any liability it may incur for death or injury to passengers or other persons on voyages to or from 

U.S. ports, and

Whereas, this bond is written to assure compliance by the Principal as an authorized holder of a 

Certificate (Casualty) pursuant to subpart B of part 540 of title 46, Code of Federal Regulations, 

and shall inure to the benefit of any and all passengers or other persons to whom the Principal 

may be held legally liable for any of the damages herein described.

Now, therefore, the condition of this obligation is such that if the Principal shall pay or cause to be 

paid to passengers or other persons any sum or sums for which the Principal may be held legally 

liable by reason of the Principal's failure faithfully to meet any liability the Principal may incur for 

death or injury to passengers or other persons on voyages to or from U.S. ports, while this bond 

is in effect pursuant to and in accordance with the provisions of subpart B of part 540 of title 46, 

Code of Federal Regulations, then this obligation shall be void, otherwise, to remain in full force 

and effect.

The liability of the Surety with respect to any passenger or other persons shall in no event exceed 

the amount of the Principal's legal liability under any final judgment or settlement agreement, 

except that, if the aggregate amount of such judgments and settlements exceeds an amount 

computed in accordance with the formula contained in section 2(a) of Pub. L. 89-777 (46 U.S.C. 

44103(b)), then the Surety's total liability under this surety bond shall be limited to an amount 

computed in accordance with such formula.
OMB No. 3072-0012 

Expires 07/31/2025

FMC Form 132B

(Rev. 05/2017) 

The Surety agrees to furnish written notice to the Federal Maritime Commission forthwith of all 

suits filed, judgments rendered, and payments made by said Surety under this bond.

This bond is effective the _______________ day of _____________, 20______, 12:01 a.m., 

standard time, at the address of the Principal as stated herein and shall continue in force until 

terminated as hereinafter provided. The Principal or the Surety may at any time terminate this 

bond by written notice sent by certified mail to the other and to the Federal Maritime Commission 

at its Office in Washington, D.C., such termination to become effective thirty (30) days after actual 

receipt of said notice by the Commission, except that no such termination shall become effective 

while a voyage is in progress. The Surety shall not be liable hereunder for any liability incurred 

for death or injury to passengers or other persons on voyages to or from U.S. ports after the 

termination of this bond as herein provided, but such termination shall not affect the liability of the 

Surety hereunder for such liability incurred for death or injury to passengers or other persons on 

voyages to or from U.S. ports prior to the date such termination becomes effective.

In witness whereof, the said Principal and Surety have executed this instrument on the 

__________ day of ________, 20_____. 

PRINCIPAL

Name_______________________________________________________________________

By__________________________________________________________________________

(Signature and title)

Witness______________________________________________________________________

SURETY

[SEAL]

Name_______________________________________________________________________

By _________________________________________________________________________

 (Signature and title)

Witness______________________________________________________________________

Only corporations or associations of individual insurers may qualify to act as Surety, and they 

must establish to the satisfaction of the Federal Maritime Commission legal authority to assume 

the obligations of surety and financial ability to discharge them.