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  • Bond Application Avalon

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Avalon Risk Management Customs Bond Application & Indemnity General Agent for the Sureties it Represents Great American Alliance Insurance Company, Cincinnati, Ohio Return completed application.

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The amount of any CBP bond must not be less than $100, except when the law or regulation expressly provides that a lesser amount may be taken. Fractional parts of a dollar will be disregarded in computing the amount of a bond.

Basic Custodial (C2) Bonds A basic custodial bond is required by U.S. Customs to ensure that a bonded warehouse, carrier, cartman, or container station abides by all pertinent regulations when handling in-bond merchandise.

The calculation for a Continuous Bond amount is the estimated total duties, taxes, and fees for the previous or next 12 months (whichever is greater), multiplied by 10%. Round up to the nearest $10,000 to get the total bond amount.

Avalon Risk Management is an independent, privately-held insurance broker, owned and operated by our founding management team with multi-national presence. Avalon specializes in the logistics and transportation industry - it's all we do and it shows!

Technically the bond is valid for the 12 month “bond term” after the bond becomes effective; however, the bond will not automatically terminate with customs at the end of the bond term. A continuous bond self-renews at the one year mark beginning a new 12 month bond term, unless it is terminated by an authorized party.

A customs bond is a specific type of surety bond that is required of individuals who are importing merchandise into the United States. The purpose of the bond is to ensure that the importer pays all taxes, fees and duties in a timely manner.

What is a Customs Bond? A legal contract, usually issued through a licensed Customs broker, between an importer, a Surety company and US Customs and Border Protection (CBP) that guarantees that the importer complies with Customs regulations.

In most cases, the amount of the bond must be at least 10% of the total duties and taxes paid to CBP annually at a minimum of $50,000. The typical Import bond amount is $50,000. This means that the duties, taxes, fines, and penalties the Insurance/Surety Company will cover within each 1-year bond term is $50,000.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232