Form FMC-132B "Passenger Vessel Surety Bond (46 Cfr Part 540)"

What Is Form FMC-132B?

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.

Form Details:

  • Released on May 1, 2017;
  • The latest available edition released by the U.S. Federal Maritime Commission;
  • Easy to use and ready to print;
  • Yours to fill out and keep for your records;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of Form FMC-132B by clicking the link below or browse more documents and templates provided by the U.S. Federal Maritime Commission.

ADVERTISEMENT
ADVERTISEMENT

Download Form FMC-132B "Passenger Vessel Surety Bond (46 Cfr Part 540)"

Download PDF

Fill PDF online

Rate (4.3 / 5) 61 votes
OMB No. 3072-0012
Expires 05/31/2020
Form FMC-132B to Subpart B of Part 540
(5-67)
FEDERAL MARITIME COMMISSION
Surety Co. Bond No. ____________
FMC Certificate No. _____________
Passenger Vessel Surety Bond (46 CFR Part 540)
Know all men by these presents, that We ______________________ (Name of applicant), of
________________________ (City), _________ (State and country), as Principal (hereinafter
called Principal), and __________________________ (Name of surety), a company created and
existing under the laws of _________ (State and country) and authorized to do business in the
United States, as Surety (hereinafter called Surety) are held and firmly bound unto the United
States of America in the penal sum of _________, for which payment, well and truly to be made,
we bind ourselves and our heirs, executors, administrators, successors, and assigns, jointly and
severally, firmly by these presents.
Whereas, the Principal intends to become a holder of a Certificate (Casualty) pursuant to the
provisions of subpart B of part 540 of title 46, Code of Federal Regulations, and has elected to
file with the Federal Maritime Commission such a bond to insure financial responsibility to meet
any liability it may incur for death or injury to passengers or other persons on voyages to or from
U.S. ports, and
Whereas, this bond is written to assure compliance by the Principal as an authorized holder of a
Certificate (Casualty) pursuant to subpart B of part 540 of title 46, Code of Federal Regulations,
and shall inure to the benefit of any and all passengers or other persons to whom the Principal
may be held legally liable for any of the damages herein described.
Now, therefore, the condition of this obligation is such that if the Principal shall pay or cause to be
paid to passengers or other persons any sum or sums for which the Principal may be held legally
liable by reason of the Principal's failure faithfully to meet any liability the Principal may incur for
death or injury to passengers or other persons on voyages to or from U.S. ports, while this bond
is in effect pursuant to and in accordance with the provisions of subpart B of part 540 of title 46,
Code of Federal Regulations, then this obligation shall be void, otherwise, to remain in full force
and effect.
The liability of the Surety with respect to any passenger or other persons shall in no event exceed
the amount of the Principal's legal liability under any final judgment or settlement agreement,
except that, if the aggregate amount of such judgments and settlements exceeds an amount
computed in accordance with the formula contained in section 2(a) of Pub. L. 89-777 (46 U.S.C.
44103(b)), then the Surety's total liability under this surety bond shall be limited to an amount
computed in accordance with such formula.
FMC Form 132B
(Rev. 05/2017)
OMB No. 3072-0012
Expires 05/31/2020
Form FMC-132B to Subpart B of Part 540
(5-67)
FEDERAL MARITIME COMMISSION
Surety Co. Bond No. ____________
FMC Certificate No. _____________
Passenger Vessel Surety Bond (46 CFR Part 540)
Know all men by these presents, that We ______________________ (Name of applicant), of
________________________ (City), _________ (State and country), as Principal (hereinafter
called Principal), and __________________________ (Name of surety), a company created and
existing under the laws of _________ (State and country) and authorized to do business in the
United States, as Surety (hereinafter called Surety) are held and firmly bound unto the United
States of America in the penal sum of _________, for which payment, well and truly to be made,
we bind ourselves and our heirs, executors, administrators, successors, and assigns, jointly and
severally, firmly by these presents.
Whereas, the Principal intends to become a holder of a Certificate (Casualty) pursuant to the
provisions of subpart B of part 540 of title 46, Code of Federal Regulations, and has elected to
file with the Federal Maritime Commission such a bond to insure financial responsibility to meet
any liability it may incur for death or injury to passengers or other persons on voyages to or from
U.S. ports, and
Whereas, this bond is written to assure compliance by the Principal as an authorized holder of a
Certificate (Casualty) pursuant to subpart B of part 540 of title 46, Code of Federal Regulations,
and shall inure to the benefit of any and all passengers or other persons to whom the Principal
may be held legally liable for any of the damages herein described.
Now, therefore, the condition of this obligation is such that if the Principal shall pay or cause to be
paid to passengers or other persons any sum or sums for which the Principal may be held legally
liable by reason of the Principal's failure faithfully to meet any liability the Principal may incur for
death or injury to passengers or other persons on voyages to or from U.S. ports, while this bond
is in effect pursuant to and in accordance with the provisions of subpart B of part 540 of title 46,
Code of Federal Regulations, then this obligation shall be void, otherwise, to remain in full force
and effect.
The liability of the Surety with respect to any passenger or other persons shall in no event exceed
the amount of the Principal's legal liability under any final judgment or settlement agreement,
except that, if the aggregate amount of such judgments and settlements exceeds an amount
computed in accordance with the formula contained in section 2(a) of Pub. L. 89-777 (46 U.S.C.
44103(b)), then the Surety's total liability under this surety bond shall be limited to an amount
computed in accordance with such formula.
FMC Form 132B
(Rev. 05/2017)
OMB No. 3072-0012
Expires 05/31/2020
The Surety agrees to furnish written notice to the Federal Maritime Commission forthwith of all
suits filed, judgments rendered, and payments made by said Surety under this bond.
This bond is effective the _______________ day of _____________, 20______, 12:01 a.m.,
standard time, at the address of the Principal as stated herein and shall continue in force until
terminated as hereinafter provided. The Principal or the Surety may at any time terminate this
bond by written notice sent by certified mail to the other and to the Federal Maritime Commission
at its Office in Washington, D.C., such termination to become effective thirty (30) days after actual
receipt of said notice by the Commission, except that no such termination shall become effective
while a voyage is in progress. The Surety shall not be liable hereunder for any liability incurred
for death or injury to passengers or other persons on voyages to or from U.S. ports after the
termination of this bond as herein provided, but such termination shall not affect the liability of the
Surety hereunder for such liability incurred for death or injury to passengers or other persons on
voyages to or from U.S. ports prior to the date such termination becomes effective.
In witness whereof, the said Principal and Surety have executed this instrument on the
__________ day of ________, 20_____.
PRINCIPAL
Name_______________________________________________________________________
By__________________________________________________________________________
(Signature and title)
Witness______________________________________________________________________
SURETY
[SEAL]
Name_______________________________________________________________________
By _________________________________________________________________________
(Signature and title)
Witness______________________________________________________________________
Only corporations or associations of individual insurers may qualify to act as Surety, and they
must establish to the satisfaction of the Federal Maritime Commission legal authority to assume
the obligations of surety and financial ability to discharge them.
FMC Form 132B
(Rev. 05/2017)
Page of 2