Appendix F to Part 515 - Optional Rider for Additional NVOCC Financial Responsibility for Group Bonds [Optional Rider to Form FMC-69]
46:9.0.1.2.10.7.1.1.13 : Appendix F
Appendix F to Part 515 - Optional Rider for Additional NVOCC
Financial Responsibility for Group Bonds [Optional Rider to Form
FMC-69] FMC-69A, OMB No. 3072-0018 (04/06/04) Optional Rider for
Additional NVOCC Financial Responsibility for Group Bonds [Optional
Rider to Form FMC-69] RIDER
The undersigned __, as Principal and __, as Surety do hereby
agree that the existing Bond No. __ to the United States of America
and filed with the Federal Maritime Commission pursuant to section
19 of the Shipping Act of 1984 is modified as follows:
1. The following condition is added to this Bond:
a. An additional condition of this Bond is that $
_______(payable in U.S. Dollars or Renminbi Yuan at the option of
the Surety) shall be available to any NVOCC enumerated in an
Appendix to this Rider to pay any fines and penalties for
activities in the U.S.-China trades imposed by the Ministry of
Communications of the People's Republic of China (“MOC”) or its
authorized competent communications department of the people's
government of the province, autonomous region or municipality
directly under the Central Government or the State Administration
of Industry and Commerce pursuant to the Regulations of the
People's Republic of China on International Maritime Transportation
and the Implementing Rules of the Regulations of the PRC on
International Maritime Transportation promulgated by MOC Decree No.
1, January 20, 2003. Such amount is separate and distinct from the
bond amount set forth in the first paragraph of this Bond. Payment
under this Rider shall not reduce the bond amount in the first
paragraph of this Bond or affect its availability. The Surety shall
indicate that $50,000 is available to pay such fines and penalties
for each NVOCC listed on appendix A to this Rider wishing to
exercise this option.
b. The liability of the Surety shall not be discharged by any
payment or succession of payments pursuant to section 1 of this
Rider, unless and until the payment or payments shall aggregate the
amount set forth in section 1a of this Rider. In no event shall the
Surety's obligation under this Rider exceed the amount set forth in
section 1a regardless of the number of claims.
c. This Rider is effective the __ day of __, 20__, and shall
continue in effect until discharged, terminated as herein provided,
or upon termination of the Bond in accordance with the sixth
paragraph of the Bond. The Principal or the Surety may at any time
terminate this Rider by mail or email ([email protected]) written
notice to the Director, Bureau of Certification and Licensing,
Federal Maritime Commission, Washington, DC 20573, accompanied by
proof of transmission of notice to MOC. Such termination shall
become effective thirty (30) days after receipt of said notice and
proof of transmission by the Federal Maritime Commission. The
Surety shall not be liable for fines or penalties imposed on the
Principal after the expiration of the 30-day period but such
termination shall not affect the liability of the Principal and
Surety for any fine or penalty imposed prior to the date when said
termination becomes effective.
2. This Bond remains in full force and effect according to its
terms except as modified above.
In witness whereof we have hereunto set our hands and seals on
this ______day of __, 20__.
[Principal],
By: ________________________
[Surety],
By: ________________________
Privacy Act and Paperwork Reduction Act Notice
The collection of this information is authorized generally by
Section 19 of the Shipping Act of 1984 (46 U.S.C. 40901-40904).
This is an optional form. Submission is completely voluntary.
Failure to submit this form will in no way impact the Federal
Maritime Commission's assessment of your firm's financial
responsibility.
You are not required to provide the information requested on a
form that is subject to the Paperwork Reduction Act unless the form
displays a valid OMB control number. Copies of this form will be
maintained until the corresponding license has been revoked.
The time needed to complete and file this form will vary
depending on individual circumstances. The estimated average time
is: Recordkeeping, 20 minutes; Learning about the form, 20 minutes;
Preparing and sending the form to the FMC, 20 minutes.
If you have comments concerning the accuracy of these time
estimates or suggestions for making this form simpler, we would be
happy to hear from you. You can write to the Secretary, Federal
Maritime Commission, 800 North Capitol Street NW., Washington, DC
20573-0001 or email: [email protected]
[80 FR 68738, Nov. 5, 2015]