RULE: 24 - NVOCCS OTI BOND REFERENCE Eff: 18MAY2010

Effective 18MAY2010
Filed 18MAY2010
Filing Codes I

a. Power Freight Systems, Inc., a non-vessel
   operating common carrier, has posted a Surety Bond in
   the amount of $85,000.00 with the Federal Maritime
   Commission as required the Shipping Act of 1984, as
   amended.  The Surety Bond, issued by the Company named
   below, guarantees the payment of any judgement for
   damages arising from the Carrier's transportation
   related activities and any order for reparations or
   penalties assessed under the Shipping Act of 1984, as
   amended.
     
     BOND No.:  12257
     ISSUED BY: Navigators Insurance Company
     
b. Power Freight Systems, Inc., being a corporation incorporated
   under the laws of the State of California, is domiciled in
   the United States and therefore the appointment of a
   Resident Agent is not required by law or regulation.

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