CARM: What all importers need to know about CARM

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U.S. Surety Bond

A bond that guarantees payment to U.S. Customs if a required act is not performed by an importer.

U.S. Customs and Border Protection (CBP) requires, by law, all imports and Importer Security Filings (ISF) to be secured by a valid Surety Bond that guarantees payment to U.S. Customs if a required act is not performed.

The key benefit for the importer is that they can take possession of their goods before all CBP formalities are completed. In addition, carriers can move goods under bond from one place to another before those goods are actually entered for consumption with duties paid.

All parties that import merchandise into the United States for commercial purposes or transport imported merchandise through the United States must obtain a Single Entry Bond or Continuous Surety Bond.

Quick Tip #34
Issue instructions in writing

Always put your requirements in writing to avoid misunderstandings. What is completely obvious to you may be seen much differently by another person.

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