Customs security bond requires exporter and surety liability unless landing certificate proves shipment and landing. The bond obliges the shipper and a surety to pay the Government unless the goods are shipped and landed at the named port and a landing certificate is ... Summary
Customs security bond requires exporter and surety liability unless landing certificate proves shipment and landing.
The bond obliges the shipper and a surety to pay the Government unless the goods are shipped and landed at the named port and a landing certificate is delivered to Customs within three months or satisfactory account for non delivery is provided; it imposes joint and several liability, preserves surety liability despite forbearance or extensions, and makes the Government's decision on disputed amounts final.
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