Surety bond for transhipment requires safe delivery, destination manifest filing, and joint liability for unpaid customs duties. Surety Bond for Transhipment secures the authorised carrier's and surety's joint and several obligation to safely tranship manifested goods to the ... Summary
Surety bond for transhipment requires safe delivery, destination manifest filing, and joint liability for unpaid customs duties.
Surety Bond for Transhipment secures the authorised carrier's and surety's joint and several obligation to safely tranship manifested goods to the specified destination and produce or account for them within one month. The carrier must furnish the destination Arrival Manifest in Form VIII confirming receipt or accounting of all goods. Applicable customs duties or the value of the goods may be demanded from the carrier and surety, and unpaid amounts are recoverable under the Customs Act. Governmental 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.