Continuity surety bond secures coastal goods transiting foreign territory through joint liability, manifest accuracy, recovery, and surety obligations. Continuity surety bond secures recurring permission for an authorised carrier to transit coastal goods through foreign territory. Joint and several ... Summary
Continuity surety bond secures coastal goods transiting foreign territory through joint liability, manifest accuracy, recovery, and surety obligations.
Continuity surety bond secures recurring permission for an authorised carrier to transit coastal goods through foreign territory. Joint and several liability of the carrier and surety arises where containers or contents differ from the Departure Manifest, goods are not accounted for, or duty-liable or restricted goods are lost in transit. The bond requires payment of the goods' value and any adjudged penalty, permits customs recovery of amounts due, and preserves surety liability despite forbearance by the Government or customs officers.
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