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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.
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.
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.
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.
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.
If you currently import using single entry bonds, see what you are paying per single entry bond. It might be in your best interest to get a quote from TRG on a continuous customs surety bond.
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