Understanding the Requirements for Customs Bonds To Import Goods Into The Country
What Is a Customs Bond?
A bond is required by Customs and Border Protection (CBP) for any party who imports goods or transports imported goods through the United States. It acts as a sort of insurance policy for CBP to ensure that they are reimbursed in the event the shipping party does not meet their obligations. This CBP bond is essentially a contract that is used to guarantee the requirements imposed by the CBP are satisfied.