Bonds

Bonds

This video series focuses on CBP Bonds, which act as an insurance policy for CBP imports. Bonds are regulated under 19 C.F.R. Part 113. Bonds form a substantial portion of CBLE and we explore how CBP examiners test on the topic.

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Bonds
  • Part 1: Bonds

    Bonds are evolving from paper to electronic systems while still adhering to legal requirements. The Automated Commercial Environment (ACE) improves electronic communication. Bond conditions serve as essential terms and conditions, and knowledge of federal regulations is vital for navigating bond ...

  • Part 2: Bonds

    Customs formal entry requires bonds, with rules for single and continuous types. Cash deposits can replace bonds for anti-dumping duties. It's important to grasp the final order and recognize exemptions for groups like the U.S. government. Quotas influence bond requirements, and superseding bonds...

  • Part 3: Bonds

    A licensed customs broker explains merchandise ownership declarations and the filing of CBP Form 3347. The discussion includes necessary forms and exam questions for preparation. Bond requirements for federal government entries and immediate delivery procedures are clarified, emphasizing the impo...

  • Part 4: Bonds

    Waiver of bond requirements generally applies to small value imports, with specific exceptions. Bonds serve as insurance involving surety, principal, and customs. Informal entries support small businesses and personal goods. Customs may waive bonds based on the importer's reputation and complianc...

  • Part 5: Bonds

    Customs enforcement operates under the CBP commissioner, focusing on revenue protection through bond requirements. The structure includes directors and specialists who manage duties effectively. Frequent reorganizations aim to improve efficiency. Key aspects include understanding bond requirement...