What are the requirements of an unlicensed foreign-based NVOCC OTI?
A foreign-based OTI NVOCC that is not resident in, or incorporated or established under, the laws of the United States and intends on remaining unlicensed, must file proof of financial responsibility in the amount of $150,000. It must also identify an agent for service of process in the United States and use a licensed OTI for any OTI services performed in the United States on its behalf. It must also file Form FMC-1 with the Commission and publish a tariff.
