Are you curious about what a Customs Bond is and why it’s required by Customs & Border Protection?
A bond provided to CBP by an importer assures means of payment of duty, tax, liquidated damages, and fines which CBP may be authorized to collect for violations involving the imports covered by the bond. Should the importer fail to pay any of the potential claims made by CBP, the Surety would be responsible under the bond contract to pay CBP. The Surety Company would then seek refunds from the importer.
Now more than ever, importers are faced with challenges in and around the supply chain. With the fluid changes in both Trade Remedies and Anti-Dumping cases, it is crucial for importers to understand how these changes can impact the required Customs Bond.
Join us on August 20th, as we dive into the world of Customs Bond and Surety underwriting process.
Topics:
- What is a Customs Bond?
- How to calculate and determine the Bond amount?
- What is Bond Saturation & Sufficiency Level?
- How Bond Stacking Exposure impacts the underwriting process.
- How AD/CVD activity impacts the underwriting process and what you can do to reduce your underwriting risk.
Register here
