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How do you apply for a continuous bond?
BOND APPLICATIONnn When filing a new continuous bond, you must include an application to CBP either in the form of a letter or an application. The information required by CBP, whether in application or letter form, is outlined below. Name and CBP identification number of all parties to the bond.
What is a continuous CBP bond application?
The continuous import bond is a type of customs bond 14a bond that guarantees the U.S. Customs & Border Protection (CBP) that the importer will make good on its payment. If the importer fails to make its payments, the CBP can file a claim against the bond from the surety company that guaranteed payment.
What is continuous bond?
A continuous customs bond is a customs bond that will cover all imported shipments for one year from the date of issue. Flexport requires that importers ship under a continuous customs bond. The continuous customs bond does NOT cover the customs clearance fee.
What is customs continuous bond vs single entry?
More economical and efficient than a single entry bond for frequent importers, a continuous bond allows you to import frequently and through various ports of entry. A continuous bond is valid until one of the signing parties 14 the importer or the surety 14 cancels it. The CBP can also cancel it.
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