Have you ever wasted time and resources trying to answer one of these important questions?
Do I owe any duties to Customs?
Which entries have not liquidated?
How much duty did I pay last year?
Which of my entries are suspended?
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Record Keeping Best Practices for Importers and Exporters
TRG attended another successful event hosted by the International Compliance Professionals Association (ICPA) this past March. With educational sessions ranging from the Pros and Cons of Direct-filing to Understanding Incoterms, attendees were buzzing about the depth of knowledge presented at this conference. Mike Laden of TRG Direct presented Import/Export Recordkeeping Best Practices.
TRG Provides Continuous Customs Bonds for Importer Security Filing
TRG’s Customs bond division has opted to continue to only provide the amended Continuous bonds for Importer Security Filing. Customs and Border Protection allows for ISFs to be secured by single entry or continuous bonds.
Is a Continuous Bond Needed to Cover My ISF?
Purchasing a continuous Customs bond that has been amended to cover ISF is going to be your most economical option. If you will be importing at least two times during the course of 12 months you should apply for this bond no later than 2 weeks prior to you first shipment leaving the foreign port.
How Does My Customs Broker Know I Placed My Own Bond?
How will my broker, or all my brokers, know that I have a new bond?
At your request, TRG will notify your broker(s) of your new continuous bond information including Bond Number, Effective Date, Surety Code, and Importer Number.
New ISF Bonding Requirements for Low Volume Importers
Save the date! TRG is hosting a free webinar to discuss the new bonding requirements for Importer Security Filing.
How Long Does it Take to Place a US Customs Import Bond?
If you currently do not have continuous Customs bond on file and are looking to get one in place you have come to the right place. However, in order to get your bond placed in a timely manor you will need to make sure to fully complete the application so TRG can submit the application to US Customs on your behalf.
International Carrier Bonds Are on the Rise
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.
All commercial carriers, including Part 135 charter for hire operators, arriving directly or indirectly in the United States from foreign countries or departing the United States for foreign destination by vessel, vehicle, or aircraft, are required to have an approved International Carrier Bond on file with Customs and Border Protection. Application should be made per the following instructions prior to submission of a Customs Form 301.
Managing the Risks of International Trade
Marine Cargo Insurance covers the loss, damage or theft of goods while in transit. Direct losses are only the tip of the iceberg as indirect losses are even more drastic to your company’s bottom line. Managing direct losses will help offset the effects of indirect losses.
Why get a Quote for your Import Bond?
Many people we speak with are unaware that the Customs import bond is the same no matter where it is purchased. Until now they have probably obtained their bond through their broker. They are then overcharged for this continuous bond year after year, not knowing there are ways to cut costs.
Importer Security Filing (ISF) Bond
Do hold one the continuous customs bonds required to file your ISF? Most likely you have in place the bond needed to cover the ISF, unless you are importing using single entry bonds.
Does a Customs Bond Renewal Occur Every Year?
You can purchase a customs bond through TRG and pay for a multi-year term. Many importer don’t know that a continuous import bond, is actually continuous with US Customs. The reason they believe this is because the Surety has an annual billing process. Contact TRG for more information 800-685-6082.