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

OMB No. 3072-0018
Expires 12/31/2023

Form FMC-48A
FEDERAL MARITIME COMMISSION
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 $____________ (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.
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.
The total amount of coverage available under this Bond and all of its riders, available
pursuant to the terms of section 1(a.) of this rider, equals $____________. The total amount of
aggregate coverage equals or exceeds $125,000.
d.
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: _____________________________

Form FMC 48A
(Rev. 12/2015)