Customs Bond Types

continuous customs bonds

All rates are subject to change without notice and are quoted subject to underwriter approval.
Some rates may be higher depending on the particular circumstance.

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customs bond activity code 1Activity Code 1

Import Bond: Used by an Importer of Merchandise to guarantee that the proper amount of duty is paid, and that the imported goods are in compliance. Minimum bond amount is $50,000. This is by far the most common type of customs bond. Some conditions that may increase the underwriting requirements and cost of this bond include but are not limited to:

  • If the importer imports any items that are subject to Anti-dumping and/or Countervailing duties, additional underwriting will be required. This includes submission of the company’s most recent year‐end financial statements** .
  • Any commodities that require FDA compliance can cause additional risk to the surety. As such, it is possible that a financial statement** would be requested, especially if the surety has a past history of claims with the commodity, the importer is a foreign company or the bond amount is above the minimum ($50,000).
  • Additional commodities that would likely lead to a request for financial statements(again, each bond is reviewed separately) include, but are not limited to: tobacco, electronic cigarettes, cars/automobiles (especially if automobiles are less than 25 years old), seafood, textiles, honey, solar panels, tires, etc.

The cost for a $50,000, continuous Customs bond is just $259.00 per year for most customers. Apply Now!

 

customs bond activity code 2Activity Code 2

Custodian of Bonded Merchandise: This type of customs bond is required for operations which carry or hold merchandise not yet entered into the commerce of the United States, for export or entry at a later time or place. This typically includes: cartmen/lightermen, warehouse proprietors, general order warehouses, carriers, container freight stations, and central examination stations.

  • The bond amount for an Activity Code 2 bond must be approved by customs. The annual rate for this bond is 1.2% of the bond amount, which includes a .2% filing fee.
  • The company’s most recent year‐end financial statement** will be required by the underwriters.

You may need C-TPAT Certification. For more information, click here.

 

 

customs bond activity code 3Activity Code 3

International Carrier Bond: This customs bond type is for operators of ships, airlines, and other conveyors (NVOCC’s) of international merchandise. (This includes: any company that transmits data through Automated Manifest System (“AMS”), any airline required to pay passenger user fees, vessel repair duty, requirements for airport security and ISF.)

  • The bond amount for an Activity Code 3 bond must be approved by customs. The annual rate for this bond is 1.2% of the bond amount, which includes a .2% filing fee.
  • The company’s most recent year‐end financial statement** will be required by the underwriters.
  • As this bond type can be used for multiple operations, additional information on why the bond is being will be required by the underwriters.

You may need C-TPAT Certification. For more information, click here.

 

 

customs bond activity code 4Activity Code 4

Foreign Trade Zone Bond: Covers area within a port’s limits which are designated as Foreign Trade Zones (FTZ).

  • The bond amount for an Activity Code 4 bond must be approved by customs. The annual rate for this bond is 1% of the bond amount, which includes a .2% filing fee.
  • The company’s most recent year‐end financial statement** will be required by the underwriters.

 

 

 

customs bond activity code 11Activity Code 11

Airport Customs Security Area Bond: This bond type guarantees that the principal will comply with the customs regulations applicable to customs security area in and around airports.

  • The bond amount for an Airport Customs Security Area bond must be approved by customs. The annual rate for this bond is 2.25% of the bond amount, which includes a .2% filing fee.
  • The company’s most recent year‐end financial statement** will be required by the underwriters.

 

 

 

customs bond activity code 14Activity Code 14

In‐Bond Export Consolidation Bond: Required for export consolidators who consolidate conveyances for export under 19CFR§192 outside the port of exportation.

  • The bond amount for an In‐Bond Export Consolidation Bond must be approved by customs. The annual rate for this bond is 2.25% of the bond amount, which includes a .2% filing fee.
  • The company’s most recent year‐end financial statement** will be required by the underwriters.

 

 

 

Who Needs A Customs Bond?

Every party that imports products into the U.S. for commercial reasons, or that transports or carries imported goods through the U.S., must have a customs bond in place.

 

Timeline

For a “standard” $50,000 continuous customs bond, your approval will take one day. You’ll then sign some paperwork that we send you and then we’ll file your bond with customs. This process typically takes 3 – 5 business days.

 

Application Process

Complete our two minute application, then an agent will call and e-mail you within 1 – 2 business days with your approval.

 

Servicing Your Customs Bond

Our dedicated staff at Bonds4Customs.com will call you shortly after you apply to announce the great news! If you have any questions, call us at 877-654-2327.

 

Apply for Your Customs Bond Now