Receiving a supplemental duty bill from Customs and Border Protection can be confusing for businesses new to importing. Trade Risk Guaranty has prepared the following to explain what this means and...
Customs bond
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What’s the Difference Between Single Entry and Continuous Customs Bonds?
A Customs bond is a contract that is given to insure the performance of an obligation or obligations imposed by law or regulation. A bond is like an insurance policy that guarantees payment to U.S. Customs and Border Protection (CBP) if a required act is not performed. The difference between a single entry and continuous bonds is…
Importing in the United States: What are Liquidated Damages?
Liquidated Damages is a frequently used term in the international trade world and can be a confusing topic for small to medium sized importers. TRG is here to help clear away the confusion and,...
Why Your Surety is Concerned with Anti-dumping and Countervailing
Understanding why Customs bond providers and Sureties have an increased concern for imported goods subject to anti-dumping and countervailing duties can help importers navigate through the confusing...
Importing Process: Liquidation
The Liquidation process for goods entered into the United States is the final step for an entry. The following explains this process and what kind of time frame an importer can expect in typical...
Do I need an Irrevocable Letter of Credit?
TRG is here to clarify the confusion that surrounds acquiring an Irrevocable Letter of Credit. Including why you may need it and what is it used for. When purchasing a customs bond or in taking part...
How do I Find My Importer Number?
There are a number of ways for an importer to find their importer number, however, many businesses believe this is a hidden number that needs to stay that way. TRG helps remove the mystery behind...
Customs Bond Conditions: What You Need to Know to Prevent a Claim
You know you need a Customs bond, but do you know your responsibilities as the principal on the bond? TRG breaks down the top four Customs bond conditions to help you better understand and avoid a...
4 Main Ways Cargo Insurance is Purchased
Knowing everything about a cargo insurance policy can seem daunting, but it's really not. The following list will educate you on the four main ways cargo insurance is purchased, and give you a...
Importing in the United States: Right to Make Entry
TRG is here to help you make sure you know who has the Right to Make Entry while importing in the United States. Make sure you stay informed and don't get lost in the importing process. During the...
Customs Bonds 101: Instruments of International Traffic
The Instruments of International Traffic Bond is one of the many Customs bonds available to importers. Although it's a common part of the importing community, this bond appeals to a very specific...
Customs Bonds 101: Foreign Trade Zone Operator Bond
The Foreign Trade Zone Operator Bond applies to specific regions of the U.S. in regards to importing. Read the content below and learn how this bond works. Foreign Trade Zone Operator Bonds are used...