|All rights reserved.
|U.S. CUSTOM Import BONDS
There is only one type of US Import Bond issued by U.S. Custom and the
U.S. Customs Bonds have numerous terms, however, the best known
name is a U.S. Custom Bond [ aka: U.S. Custom Import Bond or Activity
Code 1 Bond or US Import Bond or Surety Bonds or Import License or
Import License Bond or Consignee Bond or Continuous Bond (CB) or
Continuous Transaction Bond (CTB) or Yearly Bond or Annual Bond or
Yearly Bond or Custom Bond (CB) or C.B.P. Import Bond or Importer
Number or Importer I.D. or Import Entry Bond (IEB) ]
With a U.S. Custom Bond, the importer can use this bond for 365 days and
can import cargos thru Any US ports, by air or ocean.
In addition, with this Import Bond the Importer is NOT locked in to any
freight forwarder or customhouse broker. This means with an Import Bond,
the importer has total control over their shipment and can use any multiple
forwarders and custom brokers, which ever offer the most competitive rates.
US importers are required by the Customs Borders and Protection to
have an import bond when importing any products, cargos and shipments
from any foreign countries (Title 19 USC, section 1623).
The purpose of the Continuous Bond (CB) / Import Bond / Annual Bond is
to act as a mean to ensure to the US Custom that the Importer guarantee
payment in the event that liquidated damages are assessed against
shipments imported into the United States.
Further, the Continuous Bond (CB) / Import Bond / Annual Bond is intended
to protect the U.S. government in the event the importer cannot or will not
fulfill their obligation to pay monies due.
There are two basic types of Import Bonds.
1. Single Transaction Bond (also referred to as Single Entry Bond or SEB),
which covers a single import transaction at one port of entry. The SEB
amount is determined by the total value of the imported cargo and the type
of commodity being imported into the US.
A single entry bond can only be used for one entry at one particular entry
2. Continuous Bond (CB) / Import Bond / Annual Bond, which covers all
entries made by an importer at all U.S.ports of entry. The most common
surety amount for a CB is $50,000, which is also the least amount
recommended by the CBP. The $50,000 surety value has a ceiling
coverage of up to $499,999.
Beaware: The Continuous Bond (CB) / Import Bond / Annual Bond only
covers the U.S. Custom duties and taxes. The value of the imported cargo
is not protected by the Import Bond.
Continuous Bond (CB) / Import Bond / Annual bond will cover any ISF
Penalties, if any
**ALL FEES and/or PREMIUM(s) and/or COMMISSION(s) ARE FULLY
EARNED ON ALL BOND(S)*
** If Applicant requests a withdrawal of their Bond(s) Application for bond
consideration, there will be a 35% penalty charge based upon the fee(s)
that would have been paid.
|REQUIREMENT of ISF 10+2 BOND:
Effective January 26, 2010, all importer(s) MUST possessed and have a
valid bond on file Customs Border and Protection (CBP), in order to file
an ISF 10+2 entry. Here is a list of acceptable bonds that will satisfy the
requirements of ISF 10+2 regulation.
Import Bond / Continuous bond / Annual bond or Custodian Bond or
type 2 / C2 bond or international carrier bond (ICB) type 3 / C3 bond
or a Foreign Trade Zone (FTZ) Bond.
If any importer(s) do not acquired or possessed one of these Bond, CBP
may and can assessed a penalty of $5,000 for each ISF 10+2 entry
|- Continuous Bond $50k = $268.92 a year
- Freight Forwarder Bond (OTI/FMC/FF) $50k = $695 a year
- NVOCC Bond (OTI/FMC/FF) $75k = $995 a year
- Non-U.S. NVOCCs (OTI/FMC/FF) Bond 150k = $1,695 year
- (Each Additional Office Bond $10k = $318 a year)
- China Rider Bond $50,000 = $695 a year
- Custodian Bond $100,000 = $1,188 a year
- Carrier Bond $100,000 = $1,188 a year
NO other fees 'Guarantee' (with your good credit score)
To Apply US Customs Continuous Import Bond
a. Power of Attorney (POA) for Continuous Bond (click here)
b. Application for Continuous Import Bond of $50,000 (click here)
c. Application for Continuous Import Bond of $60,000 or up (click here)
To Apply FOREIGN/Non-resident Continuous Import Bond, First you must
apply for Custom Assigned Number (CAN #) (click here) / (click here)=$50
a. Power of Attorney (POA) FOREIGN Continuous Bond of (click here)
b. Application for FOREIGN Continuous Bond of $50,000 (click here $477)
c. Application for FOREIGN Continuous Bond of $60,000 or up (click here)
Application for Drawback Bond form (click here)
Application for Drawback Bond On-Line (click here)
IF your customer(s) currently has a Continuous Import Bond with OTHER
company & if you are Re-Newing it with us (click here), also, IF surety
number is same as ours (click here) for Broker of Records (BOR's).
BOR's applies to all other bonds, if surety# are same as ours.
After US Customs Continuous Import/Drawback Bond has been issued:
Change/Adding address on the Bond form (click here)
Change/Adding Name or company Name form (click here)
Bond Marked by CBP as " Insufficient " form application (click here)
Bond Marked by CBP as " Insufficient " On-Line application (click here)
More details about " Insufficient Bond (cpb.gov click here) or (click here)
Application for Type 2 / Activity Code 2 Bond / C2 Bond / Custodian of
Bonded Merchandise / Trucking Bond / Domestic Freight Forwarder or
Type 3 Bond / C3 Bond / Activity Code 3 Bond / International Carrier Bond /
AMS / ICB / Vessel / Yacht / AirLine (international) or Type 4 Bond / C4
Bond / Activity Code 4 Bond / Foreign Trade Zone (FTZ Bond) or
NVOCC Bond or FMC/OTI Bond or VOCC Bond or Public Gauger
Bond or Instruments of International Traffic / IIT / 3a Bond or NVO
Bond or Ocean Freight Forwarder (OFF/ FF) Bond or China Rider
Bond / MOC Bond or Foreigners NVOCC Bond ( Click Here )
Before C2 or/and C3 Bond issue: You need to apply a SCAC code
(Standard Carrier Alpha Code) from U.S. Customs, to apply (click here)
Airport Security Bond ($50,000 & Lower Application $1,527) (click here)
Airport Security Bond ($50,000 & UP Application) (Click Here)
POA for Tariff Filing & ISF 10+2 Filing & Bonds (click here)
Single ISF Bond with single Entry Bond Application and your Cost
(click Here for Application ) and ( Click here to view Your Cost )
Code for Bond type by U.S. Customs (click here)
Surety Names/Codes, Up-date only once a year July 1 by cbp (click here)
|- Motor Carrier (MC#) / from Federal Moter Carrier Safety Administration
. (FMCSA) BOC3 Filing & UCRA Registration ($750 - $950) (click here)
- BMC-84 Bond / BMC-85 Bond / FMCSA Broker Authority Bond /
. FMCSA Bond aka: Domestic Trucking Bond / Trucker Bond / DOT Bond
. ($75,000 = $1967) (click here) for application
All Bond(S) are subject to approval by our under underwriter / FMCSA /
DOT / US Custom / FMC + other US government agencies + with your
good credit, if NOT, bond fees & service arrangement fees will vary on
your credit score. US Custom/US government agencies/us has the
discretion to modify the bond active date anytime/anywhare.
|Our Contact info
PH :(310) 464-1780
2017 Lomita Blvd. #2319 Lomita, CA. 90717
Peter@USnvocc.com ( Peter )
Young@USnvocc.com ( Young )