Surety bond for transhipment secures safe delivery, manifest confirmation, and customs duty liability for goods not properly accounted for. Surety bond for transhipment requires an authorised carrier and surety to be jointly and severally bound to the Government as a condition of transhipment ... Summary
Surety bond for transhipment secures safe delivery, manifest confirmation, and customs duty liability for goods not properly accounted for.
Surety bond for transhipment requires an authorised carrier and surety to be jointly and severally bound to the Government as a condition of transhipment permission. The carrier must safely deliver or account for goods at the specified destination within one month and furnish the destination Arrival Manifest. On non-compliance, applicable customs duties or the value of goods may be demanded and recovered under the Customs Act. Governmental or official forbearance does not release the surety from liability.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.