Continuous Customs Bond
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A customs bond serves as insurance for the U.S. Treasury if an importer defaults on their obligation to pay the tariffs, taxes, fines, or other costs associated with their imports.
Customs bonds are obtained from surety companies that hold government licenses. Beeontrade requires shippers to employ a continuous customs bond.
A continuous customs bond protects all shipments imported for a full year after it is issued. Importers must ship under a continuous customs bond, as per Beeontrade's requirements.
No, the cost of customs clearance is not covered by the continuous customs bond. Each shipment will be subject to a separate customs clearance cost.
Yes, if an importer uses several customs brokers in different U.S. markets, they may all employ a continuous entry bond.
To get a perpetual customs bond, interested parties can contact us. We offer ongoing customs bonds at a price lower than other brokers. However, it's essential to note that the ongoing customs bond does not cover the cost of clearing customs.
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