What is the difference between a Continuous Customs bond and a single entry Customs bond? Learn the key details by reading the information below.
Many importers know they require a customs import bond in order to bring goods through U.S. borders. What they don’t know is what type of bond they have on file and if there is a more economic bond to purchase. Here is the short truth on the difference between a continuous customs bond and a single entry bond.
Single Entry Bond
- Good at one port,
- Covers only one import transaction,
- Only economical for companies filing less than 3 entries per year.
Continuous Customs Bond
- Good at any port,
- Covers all import transactions over one year,
- Almost always more economical than 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.
Watch the following video to learn the basics of U.S. Customs Import Bonds and if your business needs one.
Did you like that video? Check out the other video in the series on What is a U.S. Customs Import Bond?.
