Subpart C - Financial Responsibility Requirements; Claims Against Ocean Transportation Intermediaries. 9. Submission of Form FMC-1 as Prerequisite for License: The FMC proposes adjusting the language of . Otherwise, the action regarding the license will become effective. You are using an unsupported browser. structure, license transfer, name change, or addition of a trade name, See Part 40101-41309) (Shipping Act). 515.91 OMB control number assigned pursuant to the Paperwork Reduction Act. ever held a license as an ocean transportation intermediary (OFF or NVOCC), or PDF Who Is a Qualifying Person Qualifying You To File as Head of Household? licensed. The Surety shall indicate that $50,000 is available to pay such fines and penalties for each NVOCC listed on appendix A to this Rider wishing to exercise this option. a. A person cannot be certified for any other Medicaid-funded program and the QI program at the same time. Failure to submit this form will in no way impact the Federal Maritime Commission's assessment of your firm's financial responsibility. Should the QI no longer serve as an officer and employee of the OFF, the OFF must replace the QI within 30 days. PRIVACY ACT AND PAPERWORK REDUCTION ACT NOTICE . and the number of branch offices indicated. p;^z^r':;@{GKC 0e`} ^8 T@T!n9Sp Y "0429D -3,~iF i 20* uT license, state the name of the existing company whose license is being U.S. Customs and Border Protection. must match exactly the legal name of the applicant including abbreviations and [80 FR 68736, Nov. 5, 2015, as amended at 85 FR 9683, Feb. 20, 2020]. 40501 and part 520 of this chapter, and a bond, insurance, or other surety as required by 46 U.S.C. (2) The arrangement is not an artifice for a payment or other unlawful benefit to the principal. If the response to any question is yes, please attach an explanation. In the event that the owner of a licensed sole proprietorship dies, the licensee's executor, administrator, heir(s), or assign(s) may continue operation of such proprietorship solely with respect to shipments for which the deceased sole proprietor had undertaken to act as an ocean transportation intermediary pursuant to the existing license, if the death is reported within 30 days to the Commission and to all principals and shippers for whom services on such shipments are to be rendered. without processing. gained in the ocean transportation intermediary business in U.S. foreign 515.2 (i) and 515.2 (l), 515.11 (a)). (2) If the parties fail to reach an agreement in accordance with paragraph (b)(1) of this section within ninety (90) days of the date of the initial notification of the claim, the bond, insurance, or other surety shall be available to pay any final judgment for reparations ordered by the Commission or damages obtained from an appropriate court. 10 Requirements to Obtain an OTI License from the FMC hb```^!b`f`sL``p`Hadw5Sl;`}5A55itFN)as_,;#n Non-U.S.-based NVOCCs, unless licensed, are required to submit proof of financial responsibility in the amount of $150,000; it is recommended that the registered NVOCC use a licensed OTI for any OTI services performed on its behalf in the United States. acceptable include experience gained overseas (import) as an ocean freight a copy of the corporate minutes Filing of proof of financial responsibility. the qualifying individual only as it relates to those jobs where experience was Documents typically required with an application include, for corporate applicants, your Articles of Incorporation; a current Certificate of Good Standing issued by the U.S. State or jurisdiction in which you do business; a Fictitious Name Statement if you propose to operate under a trade name or dba ; and a Corporate Resolution or minutes of Signature of Official signing on behalf of Insurer. punctuation. [80 FR 68732, Nov. 5, 2015, as amended at 84 FR 62467, Nov. 15, 2019]. 46 U.S.C. The Qualifying Individuals (QIs) program is an extension of QMB. If the applicant is an This evidence of financial responsibility shall be accompanied by: in the case of a financial rating, the Insurer's financial rating on the rating organization's letterhead or designated form; in the case of insurance provided by Underwriters at Lloyd's, documentation verifying membership in Lloyd's; and in the case of insurance provided by surplus lines insurers, documentation verifying inclusion on a current white list issued by the Non-Admitted Insurers' Information Office of the National Association of Insurance Commissioners. A registration shall become automatically ineffective for a failure of a registered NVOCC to maintain proof of financial responsibility on file with the Commission. Title 46 was last amended 2/27/2023. of this rider, equals $____. 41107-41109). When a licensed freight forwarder is entitled to compensation, the forwarder shall provide the common carrier with a certification which indicates that the forwarder has performed the required services that entitle it to compensation. You may Thereafter, registrations will be renewed for sequential three year periods upon submission of an updated registration form. Upon the request of any authorized representative of the Commission, an OTI shall make available promptly for inspection or reproduction all records and books of account in connection with its ocean transportation intermediary business, and shall respond promptly to any lawful inquiries by such representative. (c) Reduced forwarding fees. (d) The length and nature of the qualifying individual's experience in handling ocean transportation intermediary duties. Under FRP, what is the definition of a qualified individual? - Download the Root Cert and Intermediate Root (if you have one) - Upload the Root + Int Root to FMC. The following notice shall appear on each invoice to a principal: Upon request, we shall provide a detailed breakout of the components of all charges assessed and a true copy of each pertinent document relating to these charges. Proof of firm's name, original and English translation. HSA - Health Savings Account | HealthEquity Qualified Individuals (QI) program - Medicareresources.org Application Type: New OFF & NVO License. (a) The response plan must identify a qualified individual and at least one alternate who meet the requirements of this section. 1998 and the Coast Guard Authorization Act of 1998, and 46 C.F.R. Check the 13. needed to respond to Parts B, D, or E, please photocopy the appropriate page The FMC does not have a formal procedure or fees for expedited processing of these applications, but timely follow-up with the FMC will help avoid delays. BEIC promotes voluntary compliance through outreach and education to the shipping public and regulated industry, and works closely with theCommissions Area Representativesand theBureau of Certification and Licensingto help OTIs understand their responsibilities and how to comply with the Shipping Act and the Commissions regulations. APPLICATION PROCESS FOR NON-U.S.-BASED NVOCCS THAT CHOOSES TO BE . Application For Replacing The Qualifying Individual - California You should familiarize Individual Retirement Accounts (IRAS) Forms and applications needed to open a new IRA account, make changes to an existing account, or close an account. As a No conference or group of common carriers shall deny in the export commerce of the United States compensation to an ocean freight forwarder or limit that compensation, as provided for by section 19(e)(4) of the Act (46 U.S.C. - Complete the ISE configuration and test. approved. FMC License & Registration for NVOCCs - Distribution-Publications, Inc. Basic requirements for licensing; eligibility. 6. The Guarantor's liability under this Guaranty shall attach only in respect of such activities giving rise to a cause of action against the Applicant, in respect of any of its transportation-related activities under the Shipping Act, occurring after the Guaranty has become effective, and before the expiration date of this Guaranty, which shall be the date thirty (30) days after the date of receipt of mail or email ([email protected]) written notice to the Director, Bureau of Certification and Licensing, Federal Maritime Commission, Washington, DC 20573, that either Applicant or the Guarantor has elected to terminate this Guaranty. Certification and Licensing (BCL) or can be found on the Commissions website [515.19(f) &515.20] These changes should be sent [email protected]. (ii) Applications or registrations shall be rejected unless the applicable fee and any bank charges assessed against the Commission are received by the Commission within ten (10) business days after submission of the application or registration. This bond is effective the ____, day of ____,____ and shall continue in effect until discharged or terminated as herein provided. the qualifying individual is a corporate officer or partner, attach 8, 1999, as amended at 69 FR 17945, Apr. 46 CFR 515.12 - LII / Legal Information Institute attached to the Form FMC-18. The required certification may be provided electronically by the forwarder or may be placed on one copy of the relevant bill of lading, a summary statement from the forwarder, the forwarder's compensation invoice, or as an endorsement on the carrier's compensation check. To be eligible for an ocean transportation intermediary license, the applicant must demonstrate to the Commission that: (1) It possesses the necessary experience, that is, its qualifying individual has a minimum of three (3) years' experience in ocean transportation intermediary activities in the United States, and the necessary character to render ocean transportation intermediary services. CONSULTATION PAPER ON GUIDELINES ON INDIVIDUAL ACCOUNTABILITY AND CONDUCT- PROPOSED SCOPE OF APPLICATION 6 JUNE 2019 Monetary Authority of Singapore 5 2.3 As the underlying principles of clarity in individual responsibilities and proper conduct are applicable across the financial sector, in addition to the list of FIs set out under
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