Transhipment continuity surety bonds require safe delivery, manifest confirmation, customs payment on demand, and continuing joint liability for default. A continuity surety bond for transhipment makes the authorised carrier and surety jointly and severally liable for compliance with transhipment ... Summary
Transhipment continuity surety bonds require safe delivery, manifest confirmation, customs payment on demand, and continuing joint liability for default.
A continuity surety bond for transhipment makes the authorised carrier and surety jointly and severally liable for compliance with transhipment conditions. Goods must be safely delivered to, and produced before, the proper officer at the destination within one month, or otherwise accounted for satisfactorily. The carrier must submit the destination Arrival Manifest and pay customs duty or the value of goods when demanded. Default keeps the bond enforceable, and outstanding amounts may be recovered through the statutory customs recovery mechanism.
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