C & R Customs Brokers

Customs Bond

CBP requires that all importers have an import bond in order to clear entries through Customs. An importer may file a “Single Entry” import bond or a “Continuous” import bond depending on their import frequency.

A Customs bond is a financial guaranty between 3 parties: the Insurance/Surety company issuing the Customs bond, the Principal (who is required to file the bond), and Customs & Border Protection (CBP). The Customs bond guarantees Customs & Border Protection that if they cannot collect monies due from the Principal they can seek remedy, up to the bond amount, from the Insurance/Surety Company. The Customs bond also indemnifies the Insurance / Surety Company, allowing them to use any legal means to collect from the Principal any monies that were paid to CBP on the Principal’s behalf.

If you are in need of a bond contact us via email bonds@crcustomsbrokers.com