TRUCKING COMPANY CUSTOMS BOND

Warehouse or Facility Operators

 A Trucking Company Customs bond must be secured by a warehouse or facility operator who wishes to become a Customs-bonded facility. The operator is entitled, after being a Customs Bonded Facility, to store or secure imported or exported products. Therefore, if you are going closer to become a Customs-bonded warehouse or facility operator, please specifically mention the type of warehouse you intend to set up with the port director.

International Carriers

 International carriers transporting passengers by air, water, or road from a foreign destination to the United States must receive a Customs Bond. Furthermore, if you are a domestic carrier carrying inbound imported cargo inside the country from one state to another, you will need to obtain a customs bond.

Aspiring Customs Brokers

 Those who wish to serve as a Customs Broker or as an approved gauge or laboratory also need to obtain a Customs Bond.

Acquiring a Customs Bond

 It is possible to receive a Customs and Border Protection bond via a guarantee authorized by the Treasury Department. Alternatively, avail ATSI services to apply for Custom bond from an authorized broker.

 Customs bonds are useful and can make the import process quick and effective for trucking companies. A carrier bond, or a customs broker, may be purchased from a licensed surety. It can be a difficult and challenging process to secure a customs bond, which is why many companies avail ATSI service for assistance. ATSI has the experience and can help your company through the regulatory labyrinth to help you get a customs bond from Canada or the U.S.

ATSI can steer your business through the regulatory maze and help you get the US and Canada bonds needed to take more rewarding cross-border loads. Our consultants will guide you to follow the right path to success.

Become a Bonded Carrier

 A customs bond is an important document that allows imported commercial goods to be transported into the U.S. and Canada and essentially a guarantee to the Canadian or U.S. government that any fees, taxes, and duties owed will be paid when asked by the carrier.

When it comes to importing and transporting goods in the country, the U.S. and Canada have different regulations. It is necessary to understand the differences between customs bonds and comply with both.

Understanding Customs Bond

 Commonly known as carrier bonds, customs bonds are an essential piece of paperwork to secure the transportation when importing more than $2,500 of commercial goods into the U.S. This is equally essential for all items that are subject to the standards of other federal agencies, such as food items and weapons. The customs bond guarantees that all fees, taxes, and duties payable to the federal government will be paid by the bonded companies. One can use a Customs bond issued through the U.S. Customs and Protection, in which case the broker's bond can be used to secure the transaction. Customs bonds are obtained by the U.S. Treasury Department with a security license; however, there are also licensed brokers available who can issue bonds. Confirm with the U.S Treasury Department’s website for information of a listed agent in your state.

Generally, you can choose between a "single entry" and a "continuous bond" depending on the frequency of importing items into the US. The continuous bond is economically beneficial for those who import goods from different US port of entries.

U.S. Customs Bond

 All products being imported into the U.S. require a customs bond, and entry of the goods will be refused without requisite bond. "Single entry" and a "continuous bond" are provided by the U.S. Continuous Bond is cost-effective for those who import goods into the U.S. regularly. 

Everyone importing into the U.S. is required to get a customs bond. This includes any business or individual importing goods for commercial purposes. Customs bonds are limited to goods transported by trucks. All imports that arrive, either via air, water, or road, needs a U.S. customs bond. 

Canadian Customs Bond 

 A customs bond is not an entry condition in Canada, unlike the United States. Those who import commercial products are either willing to pay at the border or get a customs bond in advance. A customs bond facilitates the release of your goods into Canada and all duties and taxes will be paid later. Bonded carriers can bring a load of goods past the port of entry into Canada to an authorized location without customs release. They can do this if they have post financial security for $5000 to $25,000 with the Canada Border Services Agency (CBSA).  

For businesses importing goods into Canada, customs can help you decide whether a customs bond is required. This depends on the kinds of items, the overall value, and the justification for entry into Canada.