FMC Bonds
As required by the US Federal Maritime Commission (FMC), all forwarders who operates as OTI - NVOCC and consolidate ocean shipments to the US are required to file both a traffic and US$150,000 performance bond with the FMC. The purpose of the bond is to respond to claims filed against forwarders by the shipping public and to ensure compliance with FMC regulations. Failure to maintain a bond on file with the FMC could result in traffic cancellation and penalty assessements.
 

As the dominant forwarder in the transpacific trade route, Piff / EuroBox has filed the both the traffic and performance bond with the FMC to ensure our customers' interest and compliance with the FMC regulations. (OTI No.013142)

INT'L TRANSPORT & MARITIME UNDERWRITERS
INT'L INSURANCE COMPANY OF HANNOVER LTD.

Our commitment to serve our customers is further reflected at our service of all kinds is fully insured with the ITMU of the U.K. The rating agencies most relevant to the insurance industry have awarded Hannover Re very strong insurer financial strength ratings (Standard & Poor's AA - "Very Strong" and A.M. Best A "Excellent". The insurer is the most respected of its kind, and they insure all our activities for up to US$500,000 per Bill of Lading.

FIATA Licensee   /  HAFFA / IATA Member