As an update to our previous communications regarding the U.S. Customs & Border Protection (CBP) eBond electronic bond filing system, we are pleased to announce that C.A. Shea successfully began transmitting and filing eBonds effective January 4, 2015 and was among the first filers to do so upon access to the live deployment of eBond. … Read more
As you may be aware, the Importer ID Input Record form, CBP Form 5106, is the form used by Customs and Border Protection (CBP) to keep the information which identifies and provides the addresses of a principal, up to date in the CBP data. When a company who has not conducted recent import related business … Read more
C.A. Shea & Company, Inc. along with the other members of the Customs Surety Executive Committee (CSEC) committee and vendors of ABI/ACE software have developed a software interface that allows the custom broker’s software to electronically submit single entry bonds to the surety’s computer system for filing with CBP using eBond. If you would like to … Read more
eBond will having a significant effect on how single transaction bonds are filed. This will mean Customs brokers will be altering their internal processes to accommodate eBond. The Customs Surety Executive Committee, which is a chartered committee of surety associations who’s members provide customs bonds for the international trade community, developed a FAQ intended for … Read more
In the event that your client has an annual Carnet bond, this is a reminder that the United States Council for International Business (USCIB) will be issuing letters in the beginning of October confirming the bond amount required for the principal’s annual Carnet bond for the 2015 term. Once this letter is received, please have … Read more
In our June 2014 newsletter we provided some basic information concerning eBond, U.S. Customs’ new electronic bond filing system. Since our last newsletter we have been on numerous conference calls with Customs and we continue to meet with Customs frequently to ensure that our office is prepared for the transfer to the eBond process. Customs … Read more
Customs is currently working on an overhaul to Customs bonds and how they will be filed. We are dedicating this newsletter to Customs new eBond filing system and what it will mean to our broker and principal clients. What is eBond? eBond, short for Electronic Bond, is the new process Customs will be using to … Read more
Effective January 9, 2013, CBP amended the guidelines for the acceptance of untimely petitions and mitigation of claims replacing the previous guidelines. After a liquidated damage claim is issued, an importer/bond principal may file a petition for relief within 60 days of the date of the claim notice to request the claim be cancelled lowered … Read more
With the government shutdown starting today and the uncertainty of how long the shutdown will continue, Customs and Border Protection (CBP) has advised that the shutdown may impact the processing of bonds and riders. Yesterday, CBP issued the following statement. “FEDERAL GOVERNMENT SHUTDOWN Due to the Federal Government shutdown, the Revenue Division Bond Team is … Read more
Companies that operate as ocean freight forwarders and Non-Vessel Operator Common Carriers (NVOCC) are required to be licensed as an OTI. This guarantees that the contractual relationships between shippers and carriers will be fulfilled. The OTI collects the transportation charges from the shipper for payment to the carrier. The bond is in place to help … Read more
