Reconciliation is a customs process in which participation requires a principal to add a special rider to their continuous importer bond. It allows an importer to estimate the value of goods entering the U.S. and pay any duties, taxes and fees based on that amount. After a period of 18-21 months, when
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Apr
Apr
Legal Update on Customs Bonds – CBP Agrees to Replacement of Surety Bonds Covering Shrimp Determined at 100% Anti Dumping Duty Liability
Posted on: April 30th, 2011 • In Bonds
Customs and Border Protection (“CBP”) has recently abandoned its prolonged efforts to overturn a series of decisions in the United States Court of International Trade (“CIT”), in National Fisheries v. United States, which declared enhanced bonding requirements (“EBRs”) applied to surety bonds covering shrimp subject to antidumping duty unlawful. Under
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Apr
Apr
Shea reacts swiftly to avoid interruption in coverage for principals needing U.S. Virgin Islands Rider
Posted on: April 30th, 2011 • In Bonds
On December 28, 2010, our office was notified by Customs that hundreds of Customs bonds were to be “shut off” by Customs due to a failure to comply with an obscure Customs requirement. This requirement states that a specific rider must be added to any bond used to import into
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Apr
Apr
Did you know it’s now quicker and easier to file bonds with CBP?
Posted on: April 30th, 2011 • In Bonds
In conjunction with CBP, C.A. Shea now offers an expedited process for filing bond paperwork. Traditionally, bond forms and related documents would be e-mailed to the broker, who in turn forwarded them to the principal for completion. The principal would then sign and return the original documents with original (wet)
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Apr
Apr
Sheabond.com – New Online Bond Portal Provides Electronic Issuance of Single Transaction Bonds.
Posted on: April 30th, 2011 • In Bonds
C. A. Shea & Company, Inc. is proud to announce our new exclusive online bond issuance system, SheaBond.com. Our portal can be used to deliver all manner of single transaction bonds (ISF, importer, duty drawback, international carrier, etc) for any number of reasons. Perhaps your client’s continuous bond was rendered
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