Continuity surety bond secures transhipment through safe delivery, manifest confirmation, accounting obligations, and recovery of unpaid customs duties. The authorised carrier and surety are jointly and severally bound for goods permitted for transhipment. The carrier must safely tranship and produce the ... Summary
Continuity surety bond secures transhipment through safe delivery, manifest confirmation, accounting obligations, and recovery of unpaid customs duties.
The authorised carrier and surety are jointly and severally bound for goods permitted for transhipment. The carrier must safely tranship and produce the goods at the destination within one month, or account for them to the proper officer's satisfaction. A destination Arrival Manifest in Form VIII must confirm receipt or accounting of the goods. Applicable customs duty or the value of goods must be paid on demand where required. Amounts due are recoverable under the customs recovery mechanism, and governmental forbearance does not release the surety.
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