National Marine Fisheries Inspection Bond Guide
SuretyBonds.com offers the best service and fastest delivery for marine fisheries inspection bonds in the industry. Learn how to navigate the National Marine Fisheries Service bonding process with this quick guide.
Bond Overview
- Who Needs It: Processors and importers of seafood products in the U.S.
- Purpose: To enforce guarantee payment for inspection fees to the NMFS
- Regulating Body: The NOAA's National Marine Fisheries Services
- Required Amount: Varies based on business volume
- Premium Rates: $10 per $1,000 of bond coverage, starting at $100
What Are National Marine Fisheries Inspection Bonds?
The National Oceanic and Atmospheric Administration (NOAA) requires processors and importers of seafood products to adhere to their inspection requirements. Regular safety and compliance inspections are performed by National Marine Fisheries Service (NMFS), a subdivision of the NOAA. The NMFS requires seafood processors and importers to be bonded to guarantee payment for inspection fees.
How Much Are National Marine Fisheries Inspection Bonds?
NOAA seafood inspection bond premiums start at $100. Your cost will vary based on the bond amount you need. Rates are calculated at $10 per $1,000 of bond coverage. For example a $30,000 seafood inspection bond costs $300.
Apply now to receive your bond via email today! If you need a bond greater than $50,000 in coverage, apply to receive your free quote within one business day.
Who Needs A National Marine Fisheries Bond?
Seafood processors and importers are required to get a National Marine Fisheries inspection bond to maintain NOAA compliance. The inspection services support safe seafood practices, sanitation inspections, system audits, grading and product laboratory analyses.
How Do National Marine Fisheries Inspection Bonds Work?
This surety bond guarantees seafood-related businesses pay mandatory NMFS inspection fees by creating a legal agreement between three parties:
- Principal: Seafood processors and importers
- Surety: The surety company issuing the bond
- Obligee: The NOAA, National Marine Fisheries Services
How Do I Renew My National Marine Fisheries Inspection Bond?
National Marine Fisheries Inspection bonds are continuous until canceled. A SuretyBonds.com representative will contact you before your bond expires with renewal instructions.
Here is the simple renewal process we follow at SuretyBonds.com:
- Pay your premium online or over the phone
- Sign and submit any additional documentation, if required
- File renewal documentation with your obligee, if required
How Do I Update My National Marine Fisheries Inspection Bond Form?
If you need to change basic information on your bond, you must submit a change request. Gather the answers to these questions:
- Has the bond been filed?
- What is the exact change needed?
- Have you spoken with the obligee to verify if they have any specific instructions regarding the change?
- Is the obligee requiring a new bond, or will they accept a change "rider" document?
- When does the change need to go into effect?
Then, call 1 (800) 308-4358. One of our representatives will happily help approve and issue your bond updates.
