Surety Bond Coverage Changes
…CBP is sending out bond insufficiency notices, demanding that current bonds be terminated and replaced by larger bonds in a very short period of time. This is placing pressure on…
…CBP is sending out bond insufficiency notices, demanding that current bonds be terminated and replaced by larger bonds in a very short period of time. This is placing pressure on…
…an email—to each surety—to discuss helping them with their long-term projections, to ensure importers will be sufficiently bonded for the 12-month period. Insufficient bonds can hamper an importer’s ability to…
…U.S. Customs to develop a plan to impose appropriate bond requirements on certain items based on risk assessment criteria. Don’t be caught in the dark—these duties can come back to…
…under bond or produced in a Foreign Trade Zone (FTZ). The article was not advanced in value or improved in condition while abroad [2]. The U.S. importer has proper documentation…
…ISF-D bond or to have the filer transmit the “late ISF – no bond” indicator. Most surety companies have been demanding full collateral ($5,000) in order to allow an ISF-D…
By Jim Trubits Astute importers and exporters can benefit from the numerous duty avoidance, deferral, and recovery programs offered by U.S. Customs & Border Protection (CBP). Temporary Importation Bonds (TIB)…
…have moved or are planning on moving to update their address information with their broker/surety as soon as possible, to avoid the possibility of having their continuous bond rendered insufficient….
…In-Bond, Temporary Import Bond, or Drawbacks and so forth. 22) DDTC Quantity/DDTC Unit of Measure. Added to identify ITAR licensable goods. 24) ECCN, EAR99 or USML category number. Allows for…
…that the importer consent (in writing) to being enrolled and their continuous bond needs to be updated to cover monthly statement filing. To get the maximum benefit, importers should also…
…bond on incomplete manifest—15 CFR 30.47(b) Carriers not filing all required certifications, exclusions, etc. General requirements—15 CFR 30.2 Incorrect values, carrier information, schedule B number, etc. Got questions about EEI…
© 2024 Mohawk Global OTI No. 003952NF Terms of Use Privacy Policy