Form No. X D - Continuity Surety Bond for transit through foreign territory - See Regulation 9 (2) - Sea Cargo Manifest and Transhipment Regulations, 2018
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Continuity surety bonds secure carrier and surety liability for manifest discrepancies, unaccounted goods, and losses during foreign transit. A continuity surety bond is required for authorised carriers permitted to transit coastal goods through foreign territory. The carrier and surety are ... Summary
Continuity surety bonds secure carrier and surety liability for manifest discrepancies, unaccounted goods, and losses during foreign transit.
A continuity surety bond is required for authorised carriers permitted to transit coastal goods through foreign territory. The carrier and surety are jointly and severally liable where containers or contents differ from the Departure Manifest, goods are not accounted for, or dutiable or restricted goods are lost in transit. The bond secures payment of the goods' value and any customs penalty, permits recovery through the prescribed customs recovery mechanism, and preserves the surety's liability despite forbearance by the Government or customs officers.
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