Military Transportation Provider Bonds, originally called Military Traffic Management Command Bonds, are required for carriers who wish to provide their services to the military. The bonds vary in amounts from $25,000 to $100,000 and have the following classifications:
- Military Bulk Fuel Carriers
- Military Freight Carriers
- Military Surface Freight Forwarders
- Military Shipper Agents
- Brokers
- Military Air Freight Forwarders
This performance bond guarantees fulfillment and performance of contract with the Military Surface Deployment and Distribution Command (SDDC) to deliver DOD freight. Carrier bankruptcy, abandoned shipments and defaults are all covered by this bond.