Anti-Dumping and your Customs Bond. Anti-dumping is the highest risk category to a surety on the customs bonds they underwrite. In 2018 anti-dumping was the leading cause of loss on […]
Today’s Customs Broker
Today’s customs broker is a federally licensed, highly regulated professional who offers many services to the international trade community. This was not always the case. By the mid 1850’s, a […]
What is a Tariff Code?
A Tariff Code is a specific code that identifies product involved in global commerce. The World Customs Organization (WCO), developed in 1988, maintains the Harmonized Systems (HS) that over 170 […]
Customs Bond Rate Increases
Like everything else in 2021, blame Corvid. Due to increased loss experience, there has been a customs bond rate increase effective May 1, 2021. The increase is losses is not […]
New Form 5106 Importer ID Input Record Delays Customs Bond Filing
The CBP is requiring a new from 5106 (Importer ID Input Record). We cannot file a new customs bond until the 5106 has been accepted by CBP. The form 5106 […]
New form 5106 required by CBP
Customs and Border Protection (CBP) has announced an update to the 5106 form effective March 18, 2019. The new form is different than the previous 5106 form and now calls […]
What is a Customs Bonded Warehouse?
A bonded warehouse is an area of a warehouse that U.S. Customs controls. In this warehouse, imported goods can be stored without having to pay duties or fees for up […]
Customs Bond Q & A
Working with the United States Customs and Border Protection can be stressful and confusing. Here we answer some of the most commonly asked customs surety bond questions. 1. How can […]
Customs Bonds, 4 Types Explained
Has Customs required that you obtain a bond, and you’re not really sure what to do? Well, we can help. Depending on what activity you are engaging in, you may need […]
How to Start an Import Business
The process to start an import business can be very easy and fairly inexpensive. This blog post will discuss how you can start an import business and how bonds and […]