Surety Bonds..

• Why Bonds is needed?

An importer who imports merchandise into the US or transports imported goods through the US must provide a surety bond (customs bond) to US Customs and Border Protection to assure financial responsibility.

 

• Which bond do I need?

The two types of Customs bonds available are Single Entry Bonds and Continuous Bonds:

 

* Single Entry Bonds cover a single import transaction at one port of entry which is ideal for importer that typically have less than 4 imports into the US per year and the goods have a low value.  For each shipment, a new bond would have to be purchased.  

 

* Continuous Bonds cover all of an importer’s shipments, at all US ports of entry, for a complete year.  This option is ideal for importers who have more than 3 imports into US per year with shipments of high value.