Surety Bond Format For Customs
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How to fill out Surety Agreement?
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FAQ
How to Fill Out a Surety Bond Form Bond Number. Bond Premium. Principal Name. Surety Name. State of Incorporation. Obligee Name. Bond Amount. Bond Obligation.
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.
In order to secure a customs bond, you (or your customs broker) will have to fill out the proper paperwork and submit it to CBP. Once the paperwork is filed, it typically takes between 2 and 5 days to receive approval.
The term ?single entry bond? most often refers to a particular type of customs import bond. The primary purpose of the bond is to guarantee that the required duties, taxes, and fees are paid to U.S. customs when goods are imported into U.S. commerce, as well as compliance with all applicable federal regulations.
Anatomy of a Surety Bond Form Bond Number. The surety company assigns this unique identifying number to the bond. ... Principal. The principal is the person or business required to obtain the bond. ... Surety Company. ... Bond Penalty (Penal Sum) ... Obligation. ... Obligee. ... Effective Term. ... State.