TRG Customs Bond
TRG is the industry’s expert in U.S. Customs bonds. A Custom bond is a financial guarantee between 3 parties: the Insurance/Surety company issuing the Customs bond, the Principal (who is required to file the bond), and Customs & Border Protection (CBP). The Customs bond guarantees Customs & Border Protection that if they cannot collect monies due from the Principal they can seek remedy, up to the bond amount, from the Insurance/Surety company. The Customs bond also indemnifies the Insurance/ Surety company, allowing them to use any legal means to collect from the Principal any monies that were paid to CBP on the Principal’s behalf.
Import Bond
Activity Code 1:
There are many types of bonds required by Customs
& Border Protection (CBP) for various reasons. While TRG has the experience
and expertise to provide every type, the most common types issued are: Activity Code 2:
Activity Code 1a:
Activity Code 3:
Activity Code 4:
Drawback BondCustodian of Bonded MerchandiseInternational CarrierForeign Trade ZoneSee all bond type definitions
TRG pricing for the $50,000 (minimum) Activity Code
1 Import Bond: 1 year $395 2
year $650
3 year $895 Apply
OnlineMost Customs bonds, overall, are Activity Code 1
Import Bonds. The import bond is required by CBP from all importers in order to
clear entries through Customs. An importer may file a “Single Entry” import
bond or a “Continuous” import bond. TRG only writes Continuous import bonds as
they are significantly more cost effective than single entry bonds in the vast
majority of situations.
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