Transhipment bond requires authorised carriers to safely deliver or account for goods and furnish destination arrival confirmation. Transhipment bond secures an authorised carrier's obligation to safely transport manifest-covered goods to the approved destination and produce or hand ... Summary
Transhipment bond requires authorised carriers to safely deliver or account for goods and furnish destination arrival confirmation.
Transhipment bond secures an authorised carrier's obligation to safely transport manifest-covered goods to the approved destination and produce or hand them over to the proper officer within one month, unless otherwise satisfactorily accounted for. The carrier must furnish an Arrival Manifest in Form VIII confirming receipt or accounting of all goods at the destination. On demand, applicable customs duties or value concerning transhipped goods must be paid. Compliance discharges the bond, while default keeps it enforceable and permits recovery through the statutory customs recovery mechanism.
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