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OCEANAIR INC

Trust Score

Excellent Why this score?

Company CheckOCEANAIR INC · DOT 699860

5 CENTENNIAL DRIVE SUITE 400, PEABODY, MA, 01960

DOT# 699860 MC# 12840 Peabody, Massachusetts 11 years

CARRIER

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Power Units

Drivers

Crashes (24-Month)

$75,000 bond

Insurance

Not Rated

Safety Rating

Inspections

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Contact Details

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Physical Address5 CENTENNIAL DRIVE SUITE 400, PEABODY, MA, 01960

Mailing Address5 CENTENNIAL DRIVE SUITE 400, PEABODY, MA, 01960

Broker Surety Bond FMCSA BMC-84/85

Brokers must keep a $75,000 surety bond or trust fund on file with FMCSA. If it lapses, FMCSA revokes the broker’s authority, so an active bond is the key thing a carrier should verify before hauling for a broker.

Bond StatusActive

On File (FMCSA)$75,000

VerifiedFMCSA · 06/04/2026

Required$75,000 (FMCSA min)

Last checked07/30/2026

TypeSurety Bond (BMC-84)

Surety / TrusteeAMERICAN ALTERNATIVE INSURANCE CORPORATION

Contact☎ (609) 243-4200
🌐 munichre.com

Filings on record6

Bond history

AMERICAN ALTERNATIVE INSURANCE CORPORATIONsince Nov 1, 2024 · active

AMERICAN ALTERNATIVE INSURANCE CORPORATIONOct 2014 to Nov 2024 · CANCELLED

WASHINGTON INTERNATIONAL INSURANCE COMPANYNov 2002 to Mar 2013 · CANCELLED

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Operating Authorities

DocketMC382039

CommonInactive

ContractNot Active

BrokerActive

DocketFF012840

CommonNot Active

ContractActive

BrokerNot Active

Operating11 years

Safety Summary

Safety RatingNot Rated

Total Crashes (24-mo)0

Fatal0

Driver OOS0.0% avg 5.5%

Vehicle OOS0.0% avg 20.7%

SmartWay PartnerNo

Insurance

Amount$75,000 bond

Type84

VerifiedFMCSA · 06/04/2026

CompanyAMERICAN ALTERNATIVE INSURANCE CORPORATION

Policy #504753

Last checked07/30/2026

Quick Facts

StatusActive

TypeCarrier

Operating11 years

MCS-15010/2024

Safety & Inspection Data

Crash Summary

Total Crashes (24-mo)0

Fatal0

Injury0

Tow-Away0

Driver Inspections

Total0

Out of Service0

OOS Rate0.0%

National Avg5.5%

Vehicle Inspections

Total0

Out of Service0

OOS Rate0.0%

National Avg20.7%

Licensing & Insurance

Form	Type	Insurance Company	Policy	Coverage	Effective	Cancel Date	Method
84	SURETY	WASHINGTON INTERNATIONAL INSURANCE COMPANY	504753	$0	11/30/2002	01/30/2013	Replaced
84	SURETY	WASHINGTON INTERNATIONAL INSURANCE COMPANY	504753	$0	11/30/2002	03/01/2013	Cancelled
91X	BIPD/Primary	THE COMMERCE INSURANCE COMPANY	BDCDRY	$750,000	11/06/2014	01/15/2015	Cancelled
34	CARGO	ROYAL INSURANCE COMPANY OF AMERICA	PST 418120	$0	10/29/2002	08/22/2003	Replaced
84	SURETY	AMERICAN ALTERNATIVE INSURANCE CORPORATION	504753	$0	10/14/2014	11/01/2024	Cancelled
91X	BIPD/Primary	THE COMMERCE INSURANCE COMPANY	HQY465	$750,000	10/10/2005	04/10/2009	Replaced
91X	BIPD/Primary	TRAVELERS INDEMNITY COMPANY	A5-820-3580A43-3-02	$1,000,000	10/10/2002	10/10/2005	Replaced
84	SURETY	AMERICAN ALTERNATIVE INSURANCE CORPORATION	504753	$0	10/01/2013	10/14/2014	Name Changed
34	CARGO	TRAVELERS PROPERTY CASUALTY CO. OF AMERICA	QT660-7961A699-TIL-03	$0	08/22/2003	05/01/2005	Replaced
34	CARGO	ROYAL INSURANCE COMPANY OF AMERICA	PST 41-81-20	$0	07/31/2001	10/29/2002	Replaced
34	CARGO	ROYAL INSURANCE COMPANY OF AMERICA	PST 41-81-20	$0	07/31/2001	11/29/2002	Name Changed
84	SURETY	WASHINGTON INTERNATIONAL INSURANCE COMPANY	504753	$0	06/09/2000	11/29/2002	Name Changed
91X	BIPD/Primary	HANOVER INSURANCE CO.	AMN 499 48 21	$1,000,000	05/10/2001	11/29/2002	Name Changed
34	CARGO	LUMBERMENS MUTUAL CASUALTY CO.	3AT642544-03	$0	05/10/2001	07/31/2001	Replaced
91X	BIPD/Primary	HANOVER INSURANCE CO.	AMN 499 48 21	$1,000,000	05/10/2001	10/10/2002	Replaced
34	CARGO	UNDERWRITERS AT LLOYDS LONDON	0457NMP10RTS1156	$0	05/01/2011	05/01/2012	Cancelled
34	CARGO	UNDERWRITERS AT LLOYDS LONDON	0457NMP09RTS1156	$0	05/01/2010	05/01/2011	Cancelled
34	CARGO	UNDERWRITERS AT LLOYDS LONDON	0457NMP08ARTS1156	$0	05/01/2009	05/01/2010	Cancelled
34	CARGO	INDEMNITY INSURANCE CO. OF NORTH AMERICA	N01175932	$0	05/01/2005	05/01/2009	Replaced
34	CARGO	INDEMNITY INSURANCE CO. OF NORTH AMERICA	N01175932	$0	05/01/2005	05/27/2009	Cancelled
91X	BIPD/Primary	THE COMMERCE INSURANCE COMPANY	HQY465	$1,000,000	04/10/2009	01/01/2011	Replaced
84	SURETY	AMERICAN ALTERNATIVE INSURANCE CORPORATION	504753	$0	01/30/2013	10/01/2013	Replaced
91X	BIPD/Primary	THE COMMERCE INSURANCE COMPANY	BDCDRY	$1,000,000	01/01/2011	10/14/2014	Name Changed

No active insurance policies.

Docket	Type	Action	Served	Disposition	Disp Date
MC382039	BROKER	INVOLUNTARY REVOCATION	10/07/2024	DISCONTINUED REVOCATION	10/17/2024
FF012840	PROPERTY FREIGHT FORWARDER	GRANTED	09/11/2014	-	-
MC382039	PROPERTY BROKER	GRANTED	06/30/2000	-	-
MC382039	MOTOR PROPERTY COMMON CARRIER	GRANTED	05/30/2001	REVOKED	10/07/2014
MC382039	COMMON	INVOLUNTARY REVOCATION	04/05/2010	DISCONTINUED REVOCATION	04/29/2010

No revocation records.

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See the full history

Trust Score over time and the complete authority and insurance timeline, not just today.

100/100

Excellent

VERIFIED

Every carrier starts at 100. We subtract points for each missing requirement or risk factor below. Verified means all four core requirements pass.

Score breakdown

100, no deductions

Clean record, the bar stays full at 100.

Verification, 4 core requirements

Active operating authority

FMCSA shows the USDOT registration and authority are active.

Authorized for hire

Holds active for-hire (common or contract) authority.

Active insurance on file

Active for-hire authority on file, FMCSA requires insurance to keep it active.

Safety rating not Unsatisfactory

No Unsatisfactory rating on file.

What's lowering this score

Clean record, no deductions. This carrier starts and stays at 100.

How we calculate the Trust Score

Every company starts at 100

We subtract points for each missing requirement or risk factor. Verified means all the core requirements for that company's type pass. Nothing is added back, the score is a deduction model built only on public FMCSA data. No pay-to-play, no opinions.

Requirements differ by company type

Each company is judged fairly on its own FMCSA obligations. Anything that doesn't apply shows as a grey N/A, not required, never a penalty.

Carrier (for-hire)

Operating authority, authorized-for-hire, insurance on file, safety rating.

Broker

Broker authority + $75k surety bond (BMC-84/85). MCS-150 not required (no fleet).

Freight forwarder

FF authority + $75k bond + BOC-3. MCS-150 not required (no trucks).

Private carrier

Active USDOT + MCS-150 + safety. No operating authority / for-hire / insurance filing required (hauls its own goods).

Crashes are scaled, not flat

Crash history is proportional. We don't apply a flat penalty, we scale it to (a) crashes per vehicle in the fleet and (b) the share of those crashes that were fatal. So a big, safe fleet barely moves; a small fleet with many (and fatal) crashes takes a large hit.

0 pts deductedscaled by rate & severityup to −28 pts

Low end

50,000 vehicles + 1 crash → ~0 pts. A huge fleet with very few crashes per vehicle is almost untouched.

High end

5 vehicles + 3 crashes incl. fatal → large deduction (near the −28 cap). Many crashes per truck, fatal-heavy.

Mechanics: deduction is capped at 28 points, weighted roughly 60% on crashes-per-vehicle and 40% on the fatal ratio. Zero crashes = zero deduction. If fleet size is unknown, only crash severity can move the score (conservative).

Out-of-service rate vs. the national average

Driver and vehicle out-of-service rates are measured against the FMCSA national average, not a flat number. A company only takes the deduction when it sits above the national benchmark, for example “Vehicle OOS 37% vs national avg 20.7%”.

Point reference, the full menu

Every factor and exactly how many points it can remove. Knockout factors (they also fail Verification) are marked.

Factor	Points
USDOT / authority not active with FMCSA knockout	−25
Missing operating authority (when required) knockout	−15
No insurance or surety bond on file (when required) knockout	−25
Unsatisfactory safety rating knockout	−30
Conditional safety rating	−12
MCS-150 biennial update overdue (carriers)	−10
Crashes, rate-adjusted (per-vehicle & fatal share)	0 to −28
Driver OOS rate above national average	−5
Vehicle OOS rate above national average	−5
Very new carrier (under 1 year)	−10
Limited operating history (1-3 years)	−6
Moderate operating history (3-5 years)	−3
Operating history unknown	−3
No public phone number	−3
No public email address	−2

All inputs come from public FMCSA records (operating authority, insurance/bond filings, the SAFER/SMS safety profile, crash & inspection reports). If FMCSA updates a record, the score updates with it. For the full deduction table, see the methodology page.

OCEANAIR INC

Trust Score

Company Information

Contact Details

Broker Surety Bond FMCSA BMC-84/85

Operating Authorities

Safety Summary

Insurance

Quick Facts

Safety & Inspection Data

Licensing & Insurance

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