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GLOSSARY

Bond (Customs)

A contract used for guaranteeing that a specific obligation will be fulfilled between customs and an importer for any given import transaction.
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What is Bond (Customs)?

A customs bond is a legal contract between an importer, a surety company, and the Customs and Border Protection (CBP). It guarantees that the importer will comply with all applicable customs regulations, and that CBP will be paid for any import duties, taxes, fines, or penalties that may be applied.

Customs bonds are required for all commercial imports valued at $2,500 or more, even if the shipment is duty-free. There are two basic types of customs bonds:

  • Single-transaction bond: This type of bond covers a one-time customs entry.
  • Continuous bond: This type of bond covers multiple/ongoing entries made by an importer at all U.S. ports of entry. It’s good for one year from the date it’s issued.

Related articles:

How to Get A Customs Bond: A Guide for New Importers

Temporary Import Bond (TIB): Duty-Free Entry of Goods for Re-Export - USA Customs Clearance

The Complete Guide to Customs Bond Renewal

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Licensed customs support for importers across a wide range of U.S. entry needs. USA Customs Clearance provides Customs Bonds, Consulting, Customs Brokerage, Manifest Confidentiality, Importer of Record support, and Guides & Resources to help importers prepare for U.S. Customs and Border Protection (CBP) requirements and customs clearance with regulatory compliance, greater clarity, and confidence.

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