Continuity bond liability ensures carriers must pay for misdescribed, unaccounted or lost transit goods and penalties on demand. A continuity bond (Form XB) binds the authorised carrier to pay on demand the value of goods and any customs penalties where containers or contents differ from the Departure Manifest, goods are not satisfactorily accounted for, or goods subject to export duty or restrictions are lost while in transit through foreign territory, with recovery to be made by the statutory recovery procedure under the Customs Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Continuity bond liability ensures carriers must pay for misdescribed, unaccounted or lost transit goods and penalties on demand.
A continuity bond (Form XB) binds the authorised carrier to pay on demand the value of goods and any customs penalties where containers or contents differ from the Departure Manifest, goods are not satisfactorily accounted for, or goods subject to export duty or restrictions are lost while in transit through foreign territory, with recovery to be made by the statutory recovery procedure under the Customs Act.
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