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Texas bonds

Port Of Corpus Christi, TX — Ship Or Vessel Agent License Bond

Port of Corpus Christi's ship-agent licensing rules call for a $25,000 Indemnity and Payment Bond payable to the Port Authority. Prepare it for the licensed agency business representing vessel interests, not as insurance on the ship or its cargo.

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Recorded state
Texas
Bond type
Aircraft / Vessel Dealer & Agent Bond
Category
Vehicles, titles & transportation

What this bond does

Supply the agent-license security described in Item 2.250 of the Port's published Tariff 200, using the accepted instrument and the agency identity in the licensing request.

Who needs it
A ship or vessel agency applying to represent steamship lines or vessel owners at the Port Authority's facilities. The license belongs to the agency applicant, not automatically to each vessel it attends.
Who it protects
Item 2.250 says the Port Authority may redeem the $25,000 bond for an undisputed invoice unpaid 60 days after its date. That is a stated Port-payment obligation, not a general guarantee of cargo delivery or every vessel owner's debt.

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.

Separate the license bond from other Port credit security

The tariff describes an agent acting for steamship lines or vessel owners with authority to bind the owner. Its license application, insurance requirements and agency-service duties are separate from the Indemnity and Payment Bond. Use the applicant agency's exact identity and the Port's accepted form.

The tariff also discusses other credit arrangements and charge-based security elsewhere. Do not substitute that separate credit calculation for the $25,000 agent-license bond or assume a calendar-year agent license supplies the provider's bond term.

Purchase Now opens Propeller. Check the Port recipient, agency, required form and dates before applying, then follow the Port's issued-document filing instructions. Checkout does not approve the agency license or extend Port credit.

Sources

Have these ready

  1. Keep the Item 2.250 agent-license request and accepted bond form available.
  2. Use the legal agency applicant rather than a vessel's name alone.
  3. Confirm the $25,000 license security and requested effective dates.
  4. Keep insurance, Port credit arrangements and issued-bond filing distinct.

Questions about this bond

What payment obligation does the tariff describe?

Item 2.250 identifies an Indemnity and Payment Bond redeemable by the Port Authority for an undisputed invoice unpaid 60 days after its date. The accepted instrument and applicable rules control; do not broaden that into unlimited vessel or cargo protection.

Is this the same as every Port credit bond?

No automatic equivalence follows. The tariff separately discusses credit arrangements and charge-based security. Match this agent-license offering to the Port's actual request rather than importing the terms of another credit instrument.

Does buying it authorize the agency to operate?

The Port reviews and issues the agent license separately. Purchase Now opens Propeller for the security application; the Port's licensing, insurance and filing requirements remain separate.

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