#oti bonds

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What Do Freight Forwarders Need To Know About Surety Bond Requirements?

What Do Freight Forwarders Need To Know About Surety Bond Requirements?

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Anyone who is or wants to become licensed Ocean Transportation Intermediary (OTI) in the US is required to obtain the OTI license. The requirements for this type of license by the Federal Maritime Commission (FMC) include:

  Proving eligibility

Submitting the FMC-18 application form

Submitting a valid OTI bond

Paying the required application fee

An OTI is either an Ocean Freight…

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How Increased Tariffs Affecting Imports in the US

How Increased Tariffs Affecting Imports in the US

Tariff escalation is the biggest burden on normal consumers of the US. Both the countries US-China have been in trade contention for the last one year and it has impacted both the countries in several sectors. Chinese exports are touching low every month as Trump administration hiking the tariffs and imposing bans on Chinese technology companies.

How it all started

The world’s two biggest…

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Why Is Hiring A Licensed Broker Important For Importers?

Why Is Hiring A Licensed Broker Important For Importers?

Whether you’re going to import plastic bottles to resell them at bulk prices or wishing to import special appliances, you’re always encouraged to hire a customs broker for importation. It becomes vital especially when you’re just starting out and don’t know much about freight clearance.

CBI’s insurance professionals have been providing trade-related services since 1981.

CBI Customs & Insurance…

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4 Reasons Why You Need a Customs Bond to Import in the US

4 Reasons Why You Need a Customs Bond to Import in the US

This is a general question asked by importers that why do they need customs surety bond while importing into the US. But, the answer is not general. There are various explanations available about the customs bond and it is legitimate because there is no single type of bond. When you tend to receive international goods in the US, you need to follow some obligations.

A 301 customs bondis a…

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