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 #36
Report Lost and Damaged Cargo to your Forwarder, Carrier and Insurer as soon as possible

Any loss or damage to cargo should be reported immediately to the company or the company’s nearest settling agent.

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