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Florida — Carrier Service Providers Use And Lease Agreement Payment Bond

Match this offering to the airport's actual Carrier Service Provider Use and Lease security request. Hillsborough County Aviation Authority's posted Tampa International Airport agreement describes security for the provider's performance and payments under that agreement. Use your own agreement and Authority determination before applying.

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Recorded state
Florida
Bond type
Carrier / Transportation Services Bond
Category
Vehicles, titles & transportation

What this bond does

Secure the provider's obligations and payments of rents, tax assessments and charges under the applicable airport use and lease agreement. Identify the actual contracting company and requesting airport authority.

Who needs it
Companies matching a Carrier Service Provider airport use and lease request. The posted Tampa agreement concerns passenger services between Cuba and Tampa through an arrangement with an operating airline; it does not establish a general Florida trucking-license requirement.
Who it protects
The posted Tampa agreement protects Hillsborough County Aviation Authority through payment security guaranteeing company performance and the specified agreement payments. Obtain the Authority's accepted condition and calculation for your own contract rather than substituting an airline's separate obligations or another airport's form.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Details for the airport agreement and payment security

The Authority's posted 2022 Carrier Service Provider agreement is a specific Tampa airport example, with its own company and premises. It defines Payment Security as an acceptable bond, irrevocable letter of credit or similar accepted security equal to an estimate of three months' rents, tax assessments and charges. Obtain the actual calculation and required instrument for your agreement; this listing opens the surety application, not an alternative-deposit service.

Article 17 makes the requirement depend on the company's payment history and allows it to be imposed or re-imposed after default or the specified bankruptcy event. Its 18-consecutive-month satisfactory-performance provisions are not a universal 18-month bond term or automatic release. Get the Authority's determination and maintain the security for the period actually required.

The posted model requires renewal or replacement at least 60 days before expiration or cancellation and surety notice at least 60 days before cancellation. If replacement is not supplied within 30 days before cancellation, the Authority may draw on the security and hold the funds. After a draw, the model requires replenishment within 15 days. Match your current contract's deadlines rather than assuming a standard 30-day cancellation clause.

The model makes failure to maintain required security grounds for immediate agreement termination. Its return provision is subject to satisfactory performance of all terms and the payment-security requirements. Keep the issued evidence, any replacement and the Authority's completion or release instructions with the actual contract; ending an airline arrangement or vacating premises is not proof that security is released.

Sources

Have these ready

  1. Obtain the actual airport Authority request and signed use and lease agreement.
  2. Identify the contracting Carrier Service Provider, premises and agreement reference.
  3. Obtain the required security calculation, accepted form and instrument determination.
  4. Coordinate agreement dates, continuation, cancellation notice and replacement deadlines.
  5. Confirm surety acceptability, execution, delivery and any replenishment or release instructions.

Questions about this bond

Is this a general Florida freight-carrier license bond?

The matching posted programme is airport use and lease security. Tampa's example concerns its defined Carrier Service Provider and Hillsborough County Aviation Authority. Match your actual agreement and requesting authority before buying; a Florida location alone does not establish this obligation.

Can I wait until the old security expires to replace it?

Do not assume that. The posted Tampa model requires replacement at least 60 days before expiration or cancellation and permits an Authority draw if replacement is not supplied within 30 days before cancellation. Use the deadlines in your own accepted agreement and security.

What follows Purchase Now?

Propeller's Carrier Service Providers Use and Lease Agreement Payment application opens in a new tab. Match the actual Authority, company and contract, accepted condition, required sum, period and signatures. Deliver the issued undertaking and coordinate any replacement through the airport's instructions. Payment does not approve airport operations, grant premises rights or release an earlier security.

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