The Oregon Charter Boat Bond is required by the State of Oregon Marine Board in the amount of $5,000. Individuals who charter boats and accept deposits from clients in excess of $100 per person are required to have this bond.
The bond protects the State Marine Board by ensuring that the bondholder will comply all terms of ORS Chapter 830. In addition, they shall perform all agreed upon duties according to contracts, and return all deposits following cancellation of service.
What does a Charter Boat do?
A charter boat is a boat used to carry seven or more passengers for hire. Purposes include angling, sightseeing or other recreational activities.
What are the requirements needed in order to obtain a charter boat license?
Those who wish to apply for the license must submit the following:
- Completed Charter Vessel License Application
- Proof that the applicant has protection against liability imposed by law covering occurrences by the operator of the charter board, and the employees of the operator, for the damages for bodily injury or death in the minimum amount of $500,000 per occurrence
- Evidence of the charter boat’s carrying capacity
- Payment for the annual fee
How do I obtain an Oregon Charter Boat Bond?
Here at Surety1, not only do we assure a fast and friendly service for all our clients, but we also offer some of the lowest rates in the market. by partnering with over a dozen “A-rated” surety markets.
Start by completing our easy to navigate, free online application form. Next, you will receive a no-obligation quote from one of our licensed agents. After that, we will collect the premium payment and have you sign the agreement. We will send your Oregon Charter Boat bond via USPS Priority Mail.
Surety1 was established in 2003. Our headquarters are located in California, but we are licensed in all 50 states. We also maintain an A+ rating from the Better Business Bureau for our excellent service.