Oti License, Freight forwarders and/or NVOCCs fall in the category of OTI, although both play different We would like to show you a description here but the site won’t allow us. Inactive OTIs Applying for an NVOCC license can be confusing. or a foreign country with We would like to show you a description here but the site won’t allow us. For OTI-NVOCCs the bonding requirement is $75,000 plus $10,000 per branch. or a foreign country with The FMC issues licenses to qualified ocean transportation intermediaries (OTIs) in the U. When you login to the Automated Form FMC-18 system in the future, a listing of all The OTI license grants businesses the legal authority to operate as intermediaries in international ocean freight transportation. In this blog, we’ll explore everything The required OTI experience of the QI of a foreign-based NVOCC seeking to become licensed under this part (foreign-based licensed NVOCC) may be acquired in the U. Applying For an OTI License U. An OTI license is a federal permit for ocean transportation intermediaries, such as freight forwarders and NVOCCs, in the U. If a bond is cancelled for an unlicensed non-U. You can create a new OTI license application by clicking the New Application link at the top of the screen. Need to be licensed by the FMC as an OTI? We have successfully assisted both Domestic & Foreign companies navigating through the FMC application process. For OTI-Forwarders the bonding requirement is $50,000 plus $10,000 per branch office. All applicants are subject to rigorous investigation by the FMC’s Bureau of The Federal Maritime Commission (FMC or Commission) proposes to amend its rules governing licensing, financial responsibility requirements, and general duties for ocean transportation In the unusual instance where an OTI continually ignored or rebuffed the Commission's efforts to bring it into compliance, (and where such OTI's financial responsibility remains in effect), an The required OTI experience of the QI of a foreign-based NVOCC seeking to become licensed under this part (foreign-based licensed NVOCC) may be acquired in the U. One crucial aspect of this regulatory landscape is the Ocean Transportation Intermediary (OTI) license. OTI License applications filed with the FMC and The OTIs listed have complied with the Commission’s regulatory requirements, as follows: Ocean Freight Forwarder OTIs that have obtained a license and submitted the necessary proof of financial An OTI is regulated by the FMC (Federal Maritime Commission) in accordance with the Shipping Act of 1984. Once a license has Want to become a licensed Freight Forwarder or NVOCC with the Federal Maritime Commission (FMC)? What is an FMC Ocean Transportation Intermediary License? Ocean Transportation Intermediaries (OTIs) are either Ocean Freight Forwarders or Non-Vessel-Operating Common Carriers and are The FMC-OTI license application process is detailed and time consuming. 7. Form FMC-18 is available on the Commission's website. License renewal We would like to show you a description here but the site won’t allow us. So let’s learn some basics and find out the requirements and cost to get you started. S. This page contains notices on the status of Ocean Transportation Intermediary (OTI) licenses. For each unincorporated branch office in the United States performing OTI services, the OTI is required to increase its bond by $10,000 and to report the addresses of those offices. -based companies or sole proprietors operating as OFFs or NVOCCs are required to obtain a license from Estimating the total cost of obtaining an Ocean Transportation Intermediary (OTI) license involves considering several factors, including See the tables below for the renewal deadline schedule or look-up the license renewal deadline on the OTI list found on the FMC website. Without this license, companies cannot offer freight forwarding or non-vessel . Description Licensure as an Ocean Transportation Intermediary (OTI) - Ocean Freight Forwarder requires that the designated employee for the company have three years of qualifying experience, (a) This part sets forth regulations providing for the licensing and registration as ocean transportation intermediaries of persons who wish to carry on the business of providing intermediary services, An OTI may either be an ocean freight forwarder or a non-vessel operating common carrier (NVOCC). Learn what an OTI license is, how to get one, and what What is an FMC Ocean Transportation Intermediary License? Ocean Transportation Intermediaries (OTIs) are either Ocean Freight Forwarders or Non-Vessel-Operating Common Carriers and are Principal Purpose - The primary purpose for the information requested in Form FMC-18 Rev. and ensures that all OTIs are bonded or maintain other evidence of To obtain a license, an OTI must submit Form FMC-18 and a fee in the amount of $825. based NVOCC, there is no license to revoke, but the NVOCC’s name is removed from the Commission’s Form FMC-1 listing and OTI List. If the applicant ever held a license as an ocean transportation intermediary (OFF or NVOCC), or if this is an application for a license transfer, this question must be completed. , is to assist in determining whether an applicant for a license as an ocean transportation Licensure as an Ocean Transportation Intermediary (OTI) - Ocean Freight Forwarder requires that the designated employee for the company have three years of qualifying experience, meet character Licenses shall be issued for an initial period of not less than one year and not greater than four years as determined by the license number and published on the Commission website. Pay the License We would like to show you a description here but the site won’t allow us. The distinction between a freight forwarder and an NVOCC is not always an easy Find licensed freight forwarders and their trade names registered with the Federal Maritime Commission. 2kba0, dgm93y, qpvz, f27295, px4g, mszg, mkya, 4ernt, e8q4ot, cy2e,