Form FMC-48A Optional Rider for Additional NVOCC Financial Responsibi

FMC-48A
(04/01/04)

OMB No. 3072-0018

Optional Rider
for Additional NVOCC Financial Responsibility
[Optional Rider to Form FMC-48]
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 $21,000 (payable in U.S. Dollars or
Renminbi Yuan at the option of the Surety) shall be available 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.

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 [________], 200[_], 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 written notice to the Federal Maritime Commission at its
offices in Washington, D.C., 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[_______],

200[_],

[Principal]

By:

[Surety]

By: