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CBP Bonds
Bonds are required for almost all formal CBP entries, and may be required for some informal entries and Temporary Importation under Bond (TIB) entries. There are also bonds covering the activities of CBP warehouse proprietors, carriers, cartage operators, masters of vessels, drawback filers, etc.
Single Transaction Bonds (STB) may be used to secure a one-time importation.
Continuous Bonds (CB) cover multiple transactions.
STB's are generally for the value of the merchandise plus duties, taxes and fees. CB's are usually 10% of the duties, taxes and fees paid by the importer during the previous 12 months, and are valid until it is canceled either by the importer or the surety.
For a complete description of the various bonds, see 19 C.F.R. 113.
What is eBond?
An electronic mechanism for the submission of Customs Bonds from a Surety or Surety Agent to ACE via Electronic Data Interface (EDI) to be stored and used for various downstream processes for which a bond is required
Single Transaction Bonds and Continuous Bonds will be accepted electronically
Eliminates the mandatory paper requirement when a Single Transaction Bond is used to secure Cargo Release
Provide a single, centralized repository for all customs bonds within CBP
What are the benefits of eBond?
Provides 24x7 capability for submission of bonds and processing of entries through EDI
Standardizes the way CBP interacts with the Trade across ports
Provides a single repository for all bonds – continuous and single transaction
Enables CBP Officers to focus on trade and law enforcement mission and reduces the burden on Entry and Import personnel
A major step in responding to the recommendations from the OIG Audit in June 2011
How Fast Can I Get a CBP Bond?
CBP bond can typically be obtained within 1-2 business days — when we receive your bond application during normal business hours. Immediately following the purchase and confirmation all documents are in order, your bond will be filed electronically with the CBP. Click here to choose your bond and get an application started.
How to determine the minimum bond amount limit and the pricing ?
CBP Bond pricing depends on the bond value and type. Single-entry bonds are calculated based on the individual shipment value, duties and fees, whereas Continuous Customs Bonds are based on 10% of the total taxes, duties and fees paid by the importer over the previous 12-month period.