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. form specified by the consignor, directly to the consignor or his designee. prompt- ly. and in no event later than 10 days, after delivery of the C,O.n. shipment to the consignee. ~ 296.93 Surely bond. (a) No airfreight forwarder shall ren- der C.O.D. service pursuant to this part unless it shall have in effect Rnd on file with the Board, in addition to the in- surance required by ~ 296.51. a surety bond. issued by a surety company which meets the standards prescribed for sW'ety companies by part 378 of the Board's special regulations, in such form as the Board may deem proper, and in a sum not less than $25.000. (b) The terms of the bond required by this subpart shall obligate the surety to pay to any consignor such amoun t. not exceeding the face amount of the bond, as may be due on any C.O.D. shipment delivered by the consignor to the for.- warder and not remitted to the con- signor, or his designee. within 10 days after delivery of such C.O.D. ship- ment to the consignee. (c) The terms of such bond shall fur- ther provide: That any consignor to whom the forwarder has failed to remit any amount of any C.O.D. shipment withil110 days after delivery of said sh1p- ment. may file a claim with the surety for such amount; that upon the tiling of the claim, the surety shall notify the Board in writing of such filing; that the limitation of time within which a con- signor must file a claim against a suret.y. ~s provided for above, shall not be less than 1 year from the date the C.O.D. shipment was received by the forwarder from the consignor; that the principal or the surety ma.y at any time cancel or terminate the bond by wrItten notice to the Board, such cancellation or termi- nation to become effective 30 days after actual receipt of said notice by the Board, and that said bond shalll'emain and continue in force until its cancelllt- tion or termination becomes effective, as provided for above: Provided, however, That such cancellation or termination shall not relieve the surety of its liability under the bond with respect to C.O.D. shipments received by the forwarder while the bond was in force. (d) If the bond does not comply with' the requirements of this section. or for any reason fails to prOVide satisfactory or adequate protection for the public. the Board will notify the forwarder by registered or certified mail. sto.ting .the deficiencies of the bond, and the bond shall not be accepted for filing unless and until corrected. ~, j. PART 297-eLASSIFICATION ANll". EX. EMPTION OF "INTERNATIONAL AIR FREIGHT FORWARDERS 8. Amend ~ 297.1 by adding a new paragraph (g). the paragraph to read 88 follows: ~ PROPOSED RULES ~ 297.1 Definitions. . . . 10819 collection, in the form specified by the consignor, directly to the consignor or his designee. promptly. and in no event later than 10 days, after delivery of the C.O.D. shipment to the consignee. ~ 297.73 Surety bond. (a) No international air freight for- warder shall render C.O.D. service pur- suaut to this part unless it shall have on file with the Board, in addition to the in- surance reqUired by 9 297.45. a surety bond, issued by a surety company which meets the standards prescribed for surety companies by part 378 of the Board's special regulations, in such for:m as the Board may deem proper. and in a sum not less than $25,000. (b) The term of the bond required by this subpart shall obligate the surety to pay to any consignor such amoWlt, not exceeding the face amount o.f the bond, as may be due on any C.O.D. shipment delivered by the consignor to the for- warder and not remitted to the con- signor, or his designee. within 10 days after delivery of such C.OD. shipments to the consignee. (c) The terms of such bond shall Iur- 'tJ1er provide: That any consignor to whom the forwarder has failed to remit any amount on a.ny C.O.D. shipment within 10 days after delivery of said ship- ment may file a claim with the surety for such amount; that upon the filing of the claim. the surety shall notify the Board in writing of suc_h tIling; that the limitation of time witJ1in which a con- signor must file a claim against a surety as provided for above, shall not be less than 1 yenr from the dat.e the C.O.D. shipment was received by the for- warder from the consignor; that the principal or the surety may at any time cancel or terminate the bond by written notice to the Board. such cancellation or termination to become effective 30 days after actual receipt of said notice by the Board, and that said bond shall remain and continue in force until Its cancellation or termina- tion becomes effective, as provided for above~ Provided, however. That such cancellation or termination shall not re- lieve the surety of its liability under the bond, with respect to C.O.D. shipments received by the forwarded while the bond was in force. (d) If the bond does not comply with the requirements of this section, or for any reason fails to provide satisfactory or adequate protection for the public, the Board will notify the forwarded by registered or certified mail, stating the deficiencies of the bond. Unless such de- ficiencies are corrected within the time set forth in such notification. the for- warder shall in no event accept any C.O.D. shipments. ~ 297.74 NOlicercquireme-nl. Each holder of an operating author- ization as an internattonal air freight forwarder shall provide to consignors of FEDERAL REGISTER, VOL. 38, NO. 84-WEDNESDA Y, MAY 2, 1913 OS&(J . (f) An "affi.liate". . (g) A "collect on delivery" ("C.O.D." herein) shipment means a shipment of goods, the delivery of which has been condltioned by the consignor .upon pay- ment by the consignee of a specified sum of money. which swn is to be received by the forwarder, in such form as the con- signor may instruct, as agent for the consignor. for remittance to the con- signor or his designee. 9. Amend ~ 297.51 by adding a new paragraph (d). the new paragraph to read as follows: ~ 297...5-1 RCCOTds requircmf'_nts. . , . . . (c) Each holder of .. .. * (d) Each holder of an operating au- thorization as an international air freight forwarder shall maintain a rec- ord of all C.O.D. shipments received for delivery in such a manner and form as will plainly and readily show the follow- ing information with respect to each shipmen t: (U Nwnber and date of aIrway bill. (2) Name and address of consignor and, if collections of payment are to be remitted to a designee of the consignor, the name and address of such designee. (3) Name and address of consignee. (4) Date shipment delivered. (5) Amount of C.O.D. to be collected. (6) Date C.O.D. collected ..by the forwarder. (7) Date C.O.D. collection remitted to consignor or his designee. (8) Check number or other identifica- tion of remit,tance. 10. Amend part 297 by adding a new subpart 0, to read as follows: Subpart G--Condi1:ion. on Hllndling C.O.D. Shipments 29771 Tariff requIrement. 297.72 Remlttallce. 297.73 Surety bond. 297.74 NotIce requirement. AUTHORITY.-8eCS. 101(3), 204(a), 403. 407 and 416(a) of the Federal Aviation Act of 1958, as amended; 72 Sta.t. 737 (as amended) 743, 758 (as 6mended by 74 Stat. 445), 766 (as amended by 83 Stat. 103), 771; 49 U.S.O. 1301, 1324, 1373, 1377, a.nd 1386. Subpart G-Conditions on Handling C.O.D. Shipments ~ 297.71 T;lriff' reqllir~menl. No international air freight forwarder engaged in air transportation pursuant to this part shalI render any C.O.D. serv- ice unless such forwarder has published. posted. and filed tariffs which contnin the rates, charges, and rules. governing such service. which rules !hall conform to the prOVisions of this subpart. ~ 297.72 Rcmiuarn=e. Any international air freight forward- er engaged In air transportatIon pursu- ant to this part shall remit each C.O.D.