Customs Bond
Also known as: Import Bond, Surety Bond, CBP Bond
Definition
A customs bond is a contract between the importer, a surety company, and customs. It guarantees the government will be paid duties and taxes even if the importer defaults—required for almost all commercial imports.
Types of Customs Bonds
| Bond Type | Coverage | Best For |
|---|---|---|
| Single Entry | One shipment | Infrequent imports |
| Continuous | All entries for 1 year | Regular importers |
| Activity Code 1 | Basic importer bond | Standard imports |
| Other activity codes | ISF, FTZ, warehouse | Special activities |
When a Bond is Required
- Commercial imports valued over $2,500
- Goods requiring other government agency review
- Quota or restricted merchandise
- Any regulated commodity
Bond Amount Calculation
Continuous bond minimum: 10% of annual duties paid (minimum $50,000)
Single entry bond: Duty + taxes + fees + potential penalties
How to Get a Customs Bond
- Work with a surety company or customs broker
- Provide financial information
- Pay bond premium (typically 1-2% of bond amount)
- Bond filed with CBP
Bond Sufficiency
- CBP may require increased bond if:
- Duty payments increase
- Violations occur
- Risk assessment changes
Ready to ship?
Ship internationally with confidence
Try Free