Customs Bonds

Customs Bonds are required by the U.S Customs Service, and come in various types including Consumption Entry Bonds and Immediate Delivery Bonds. Anyone importing goods must have a Customs bond to ensure that imported shipments are paid for. The Customs bond must be in place before U.S. Customs will clear the shipment.

The current market

This is an unfamiliar bond to many surety agencies. An experienced agent is required in this situation. Different goods will have different ratings codes. Not all goods need approval from the FDA and they will not all be stored in a bonded warehouse either. These factors will have an impact on the nature and cost of the bond. Ensure your agent knows all the relevant codes and gives you a bond for the correct one. You also need to be sure you are getting a competitive premium for the bond that is to be written. This is why an agent who has experience working with Customs bonds is vital.

Does your agency have a special program available for Customs bonds?

No, we do not have such a program available at present.