Companies that are required to obtain an NVOCC bond are responsible for packing, lading and transporting shipping containers directly with an ocean common carrier. The NVOCC acts as a common carrier and issues a bill of lading to the shipper. Then, the NVOCC ships the container with a common carrier.
NVOCC stands for Non Vessel Owning Common Carrier. NVOCC operation comprises of sales, stuffing and transport of containers to gateway ports. The bill of lading issue and overseas distribution is handled by the agents of NVOCC.
How much does this bond cost?
The cost is usually 1 – 7% of the bond amount. Keep in mind that pricing varies depending on your financial strength, e.g. personal credit, financials, etc.
What is the process?
Apply and get approved on our website, sign the surety agreements, and we will ship the bond out. If you would like to learn more about what surety bonds are and how they work, you can read our detailed guide here.
Can I get this bond with bad credit?
Yes, it’s possible, but poor credit usually results in higher rates.
Does it matter where I get a bond?
Yes. We provide the lowest rates possible as a result of the large volume of bonds we write.
What if a false claim is filed?
You must contact us immediately, as we have a team of claim specialists here to find a resolution for you. Keep in mind, it is crucial that you work with an expert in the surety industry. Learn more about how to ensure you choose the proper bond company.
Our company has been with JW Surety for several years now so when we needed to obtain a bond for a new company, we immediately went to them for help. Our rep, Melissa, was extremely helpful and prompt which made the process extremely easy for me.
Trying to get a local Surety Bond was like driving a car on three tires. I searched Surety Bonds and found JW Surety Bonds. I got online and filled out the information and with in 30 minutes received a response from Melissa. She was informative, friendly and helpful. One more super satisfied customer.
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We are a family owned and operated agency established in 2003. We started with just two people, and grew to become the largest volume bond producer in the nation with 50+ employees. Since day one, our team focus has been on providing real-time online quotes, an easy process, and the best in claims defense. Learn more about our company.