Form FMC-132A Passenger Vessel Surety Bond (Performance)

What Is Form FMC-132A?

This is a legal form that was released by the U.S. Federal Maritime Commission on May 1, 2017 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form FMC-132A?
A: Form FMC-132A is a Passenger Vessel Surety Bond (Performance) form.

Q: What is the purpose of Form FMC-132A?
A: The purpose of Form FMC-132A is to provide a surety bond guaranteeing the performance of a passenger vessel operator.

Q: Who needs to use Form FMC-132A?
A: Passenger vessel operators who are required by the Federal Maritime Commission (FMC) to provide a surety bond for the performance of their obligations.

Q: What does the Form FMC-132A bond cover?
A: The Form FMC-132A bond covers the performance of the passenger vessel operator's obligations, including the transportation of passengers and compliance with applicable regulations.

Q: Are there any fees associated with Form FMC-132A?
A: Yes, there are fees associated with obtaining and maintaining a surety bond on Form FMC-132A. The amount of the fees may vary depending on the surety bond provider.

Q: How long is the Form FMC-132A bond valid?
A: The Form FMC-132A bond is typically valid for one year, but the specific duration may vary depending on the terms of the bond.

Q: What happens if a passenger vessel operator fails to fulfill their obligations?
A: If a passenger vessel operator fails to fulfill their obligations, the surety bond on Form FMC-132A can be used to compensate affected parties.

Q: Does Form FMC-132A apply to all passenger vessel operators?
A: No, Form FMC-132A only applies to passenger vessel operators who are required by the Federal Maritime Commission (FMC) to provide a surety bond.

Q: What other forms or requirements may be necessary for passenger vessel operators?
A: In addition to Form FMC-132A, passenger vessel operators may be required to comply with other forms and requirements set by the Federal Maritime Commission (FMC) or other regulatory bodies.