RULE: 24 - NVOCCS IN FOREIGN COMMERCE: BONDS AND AGENTS Eff: 20JUL2004
a. Demo Lines Inc. , a non-vessel operating common carrier, has posted a Surety Bond in the amount of $75,000.00 with the Federal Maritime Commission as required the Shipping Act of 1984, as amended. The Surety Bond, issued by the Company named below, guarantees the payment of any judgement for damages arising from the Carrier's transportation related activities and any order for reparations or penalties assessed under the Shipping Act of 1984, as amended. BOND No.: 123456 ISSUED BY: Washington International Insurance Company b. Demo Lines Inc., being a corporation incorporated under the laws of the State of New York, is domiciled in the United States and therefore the appointment of a Resident Agent is not required by law or regulation.
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