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Transshipment permit requires bonds, bank guarantees and landing certificates to secure arrival of imported containers. Transshipment requires a Transshipment Permit issued after Customs scrutiny of shipping agent filings; containers are sealed with tamper proof one time bottle seals and carriers must obtain landing certificates at destination. Movement of unpaid imported cargo is secured by bonds backed by bank guarantees, with exemptions for specified carriers and an option for a running 'mother bond' or individual bonds. Bond value is determined on a notional average per container; failure to produce landing certificates within the allowed period renders the bond liable for forfeiture. Bond re credit and reconciliation are completed on receipt of landing certificates, with EDI systems to automate this process.
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.
<h1>Transshipment permit requires bonds, bank guarantees and landing certificates to secure arrival of imported containers.</h1> Transshipment requires a Transshipment Permit issued after Customs scrutiny of shipping agent filings; containers are sealed with tamper proof one time bottle seals and carriers must obtain landing certificates at destination. Movement of unpaid imported cargo is secured by bonds backed by bank guarantees, with exemptions for specified carriers and an option for a running 'mother bond' or individual bonds. Bond value is determined on a notional average per container; failure to produce landing certificates within the allowed period renders the bond liable for forfeiture. Bond re credit and reconciliation are completed on receipt of landing certificates, with EDI systems to automate this process.
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