Customs Bonds2018-10-10T23:41:27+00:00

customs bond

YOUR CUSTOMS BOND PEOPLE
ONE BOND, 365 DAYS OF
CONTINUOUS COVERAGE
LET’S BOND

customs bond

YOUR CUSTOMS BOND PEOPLE
ONE BOND, 365 DAYS OF CONTINUOUS COVERAGE
LET’S BOND
ONTARIO, CALIFORNIA DETHRONES ATLANTA AS LARGEST OUTBOUND MARKET — AEGEAN MARINE PETROLEUM NETWORK INC., ONE OF THE WORLD’S BIGGEST INDEPENDENT SUPPLIERS OF MARINE FUEL HAS A LIFELINE TO CONTINUE OPERATING UNDER BANKRUPTCY PROTECTION — THE U.S. WAIVED SANCTIONS FOR A JOINT INDIA-IRAN PORT PROJECT IN SOUTHERN IRAN
what is a customs bond?

A Customs bond serves as a financial guarantee that an Importer of Record will pay all duties, taxes, fines & penalties and comply with the rules and regulations of importing into the United States.  For most freight, the Customs bond must cover at least 10% of the total duties & taxes of a shipment.

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WHAT IS A CONTINUOUS BOND?

Unlike single-entry bonds, which are purchased on a shipment-by-shipment basis, an AC1 continuous bond provides up to $50,000 coverage on all imports for 365 days from the date of issue.  Depending on the value of your cargo and regulatory requirements of other government agencies, the bond type may be adjusted to fit specific filing needs.

NO BOND AT THE TIME OF IMPORT?

Without a Customs bond, your cargo can and will be placed on hold by U.S. Customs & Border protection until a single entry or continuous bond is secured.  30 days after arrival, if the shipment has not been able to obtain a Customs release, the cargo can be sold or destroyed.

BE CAREFUL, ADDITIONAL COVERAGE MAY BE REQUIRED FOR:

  • OTHER GOVERNMENT AGENCY REQUIREMENTS
  • ANTI-DUMPING & COUNTERVAILAING DUTIES
  • HISTORY OF CLAIMS

DID YOU KNOW THAT A

$50,000 import bond insures
up to $499,999 of total
duties & taxes

WHAT IF I HAVE AN ACTIVE BOND THROUGH ANOTHER PROVIDER?

While an Importer can only hold one continuous bond on file at a time, this should not defer you from seeking services other Customs brokers or freight forwarders.  Green is happy to query the renewal timeframe of your bond, and move this service to our surety upon expiration.

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biggest isn’t always best

Unlike large, multi-national freight forwarders, Green isn’t weighed down by shareholder opinion, costly overhead, or exclusivity contracts – we’re accountable only to you, our customer.  Green’s flat corporate structure means you always have direct access to leadership and problems are never passed from department-to-department. Because if a service failure occurs overseas, multi-nationals just can’t fire themselves.

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JOIN THE CONVERSATION AS WE EXPLORE CURRENT EVENTS & TRENDS IMPACTING THE INTERNATIONAL FREIGHT MARKET. FROM CAPACITY CRUNCHES TO LEGISLATIVE RULINGS, GREEN GIVES YOU DEEP INSIGHTS FOR BIG FREIGHT DECISIONS. OUR KNOWLEDGE IS YOUR ADVANTAGE.
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