What is a Customs Bond and Why Do Importers Need One?
https://arcb.com/blog/what-is-a-customs-bond-and-why-do-importers-need-one
Understanding Import BondsWhat Is A Customs Bond?What Happens If The Principal Doesn’T Pay?When Is A Bond Required?What Happens If I Don’T Get A Bond?Where Can I Buy A Customs Bond?What Types of Customs Bonds Are there?How Does The Bond Renewal Process Work For Continuous Bonds?Where Can A Continuous Bond Be Used and Who Can Use It?Leverage The Experience of The ArcBest International Team There are two basic types of Customs bonds: 1. A single transaction bond (also known as a single-entry bond or SEB), which covers a one-time Customs entry. 2. A continuous bond (code 1), which covers multiple/ongoing entries made by an importer at all U.S. ports of entry. It is good for one year from the date it is issued.
There are two basic types of Customs bonds: 1. A single transaction bond (also known as a single-entry bond or SEB), which covers a one-time Customs entry. 2. A continuous bond (code 1), which covers multiple/ongoing entries made by an importer at all U.S. ports of entry. It is good for one year from the date it is issued.
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