Source: https://www.law.cornell.edu/cfr/text/46/part-515/subpart-C/appendix-D
Timestamp: 2015-03-29 13:11:27
Document Index: 651619449

Matched Legal Cases: ['art 515', 'art 515', 'art 515', 'art 515', 'art 515', '§ 515']

46 CFR Part 515, Subpart C, Appendix D to Subpart C of Part 515 - Ocean Transportation Intermediary (OTI) Group Bond Form [FMC-69] | LII / Legal Information Institute
CFR › Title 46 › Chapter IV › Subchapter B › Part 515 › Subpart C › Appendix D 46 CFR Part 515, Subpart C, Appendix D to Subpart C of Part 515 - Ocean Transportation Intermediary (OTI) Group Bond Form [FMC-69]
Ocean Transportation Intermediary (OTI) Group Supplemental Coverage Bond Form (Section 19, Shipping Act of 1984 (46 U.S.C. 40901-40904) and the Coast Guard Authorization Act of 1998)
__________[indicate whether NVOCC or Freight Forwarder], as Principal (hereinafter “Principal”), and ____________________ as Surety (hereinafter “Surety”) are held and firmly bound unto the United States of America in the sum of $_____________ for the payment of which sum we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally.
Now, therefore, the conditions of this obligation are that the penalty amount of this bond shall be available to pay any judgment obtained or any settlement made pursuant to a claim under 46 CFR § 515.23(b) against the OTIs enumerated in Appendix A of this bond for damages arising from any or all of the identified OTIs' transportation-related activities under the 1984 Act (46 U.S.C. 40101-41309), or order for reparations issued pursuant to section 11 of the 1984 Act (46 U.S.C. 41301-41302, 41305-41307(a)), or any penalty assessed pursuant to section 13 of the 1984 Act (46 U.S.C. 41107-41109), that are not covered by the identified OTIs' individual insurance policy(ies), guaranty(ies) or surety bond(s).