A& B Tropical Produce LLC, Miami, has posted a $75,000 surety bond under Perishable Agricultural Commodities Act rules, according to a U.S. Department of Agriculture news release.
The company posted the surety bond with the USDA to employ Marcos Rodas Woo, previously named in a PACA action.
Marcos Rodas Woo was the only member and manager of World Best Tropical LLC, Doral, Fla., a company which failed to pay PACA reparation awards, according to the release.
The Packer reported in January that World Best Tropical failed to pay a $14,720 award in favor of a Florida seller.
PACA rules stipulate the posting of a USDA-approved surety bond by any PACA licensee that wants to employ individuals who have failed to pay a reparation award or have been subject to a USDA disciplinary action.
USDA will hold the $75,000 bond for four years, providing assurance to the industry that the company will be able to pay for produce purchased and to conduct its business according to PACA rules.