Customs Bond

Who Charges the Customs Bond: Typically purchased from insurance companies or bonding agencies by importers, exporters, or customs brokers.

Charge At: Applied when goods are imported or exported, before clearance through customs.

Customs Bond Description: A financial guarantee required by customs authorities to ensure compliance with customs regulations and payment of duties and taxes.

Customs Bond Tips: Understand the specific requirements and regulations of the importing or exporting country, and ensure the customs bond adequately covers the value of the goods being transported.