Continuity bond required for temporary container imports: no bank guarantee, covers duty element, annual validity. The circular prescribes a uniform procedure for temporary admission of durable containers: the bond must be a continuity bond executed by the shipping line, NVOCC, steamer agents or their authorised representatives; it should cover only the duty element of the imported containers and not the cargo, and no bank guarantee or security is required. Bond validity is one year, extendable on request. Until an automated matching module is available, monitoring of temporary importation periods will be manual, and time extensions shall follow existing extension procedures.
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Continuity bond required for temporary container imports: no bank guarantee, covers duty element, annual validity.
The circular prescribes a uniform procedure for temporary admission of durable containers: the bond must be a continuity bond executed by the shipping line, NVOCC, steamer agents or their authorised representatives; it should cover only the duty element of the imported containers and not the cargo, and no bank guarantee or security is required. Bond validity is one year, extendable on request. Until an automated matching module is available, monitoring of temporary importation periods will be manual, and time extensions shall follow existing extension procedures.
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