In order to protect the revenue of the United States and to assure compliance with all pertinent laws, regulations, or instructions, U.S. Customs and Border Protection requires that a bond be posted for any entity that is importing merchandise into the United States.
There are two types of Customs Bonds:
Single Entry Bond (SEB) This bond is most commonly used by the small or infrequent importer. It is prepared and executed as necessary and provides coverage for a single customs entry.
Continuous Term Bond This bond is used most often by large volume importers that have shipments arriving on a regular basis mainly because of its cost effectiveness. Continuous bonds are available upon application and cover all entries made during the term of the bond.
Haines International will be pleased to advise you of your options and assist you in coming to a decision on which type of bond would be best for you. We have contacts with various Treasury Department listed sureties. Therefore, we are determined to obtain the best premium available on both types of bonds.
Haines International can arrange for all of your marine cargo insurance needs at competitive rates and through carriers rated "A" or better by A.M. Best Company.