If you are engaged in the use or sale of Aircraft Jet Fuel in Massachusetts you are required under the provisions of Chapter 64J of the General Laws of Massachusetts to file a Massachusetts Aircraft Jet Fuel Excise Tax Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Massachusetts Aircraft Jet Fuel Excise Tax Bond holds you accountable for your business decisions.
By possessing a Massachusetts Aircraft Jet Fuel Excise Tax Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.