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The International Compliance Professionals Association (ICPA) is the only international trade organization giving a voice to the U.S. importer/exporter. The ICPA is a tight-knit group of 2,000+...
Importer Security Filing (ISF) is a government mandate requiring importers to file additional data elements for all shipments entering the U.S. via ocean cargo. Unless you are preparing for your...
Developments in national security protocol have introduced a host of requirements importers must fulfill. One of these requirements is Importer Security Filing (ISF) and Additional Carrier...
The following are a few things every importer should know about the harmonized tariff schedule. A Collective Effort of the Harmonized Tariff Schedule The Harmonized Tariff System is global...
A continuous Customs bond remains on file until the surety or broker puts in a termination notice with U.S. Customs. Did you know you can access your bond information, liquidated damages, supplemental duties at any time using Eagle Eye?
What happens if a surety goes out of business? Specifically for Customs bond holders?
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?
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.
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 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.
Save the date! TRG is hosting a free webinar to discuss the new bonding requirements for Importer Security Filing.
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.