CARM: What all importers need to know about CARM

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Terminology

S

Single Entry Bond

A bond that guarantees payment to U.S. Customs for one importation or ISF filing.

A single entry bond is good for only one importation or ISF filing. This means one bond and one premium must be paid for each and every shipment imported into the USA.

For shipments subject to ISF Filing, a separate bond is required for both the ISF and the customs entry.

Fees for Single Entry Bonds are assessed, based on the value of the individual shipment with no maximum fee.

Quick Tip #30
Double check your insurance coverage

Don’t make the mistake of assuming your insurance coverage covers everything you ship.

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