Transshipment security requirement: carriers must provide proportionate bond security; per voyage security based on average cargo value. Transshipment of import/export cargo through gateway ports requires carriers to furnish security equal to 25 percent of the bond value; if security is furnished per voyage, it must equal 25 percent of the average value of cargo carried on that trip. Administrative instructions mandate notifying trade and departmental officers by suitable notices or standing orders, and reporting any implementation difficulties to the Board.
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Provisions expressly mentioned in the judgment/order text.
Transshipment security requirement: carriers must provide proportionate bond security; per voyage security based on average cargo value.
Transshipment of import/export cargo through gateway ports requires carriers to furnish security equal to 25 percent of the bond value; if security is furnished per voyage, it must equal 25 percent of the average value of cargo carried on that trip. Administrative instructions mandate notifying trade and departmental officers by suitable notices or standing orders, and reporting any implementation difficulties to the Board.
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