This bond ensures operators properly manifest all goods and passengers they
carry, pay for the overtime services of Customs officers and comply with all
regulations related to the clearance of their vehicles.
Bond Amount Calculation for Aircraft Operators: Bond amount for aircraft operators will be calculated by Customs.
Bond Amount Calculation for Vessel Operators:
* As of 1/1/04 Activity code 3 bonds posted by vessel agents will be a minimum of
$150,000
As with all Customs bonds, should your bond amount be inadequate according to
Customs regulations, Customs will advise the importer and the surety company to
increase the bond amount, and they will give a reasonable amount of time to do
so.
TRG Underwriting Requirements: Fully completed bond application form,
completed Power-of-attorney form, completed Customs Activity Code 3 bond
application form, completed TRG C3 Bondholder Questionnaire, and most recent
company financial statements. More documentation is required for
First Time Activity Code 3 Bond Applicants.