An insufficiency notice or notice of claim never being received by the principal and mail being returned to Customs as undeliverable, causing a “bad address” insufficiency, are examples of the importance of Customs having the correct address information on file. Brokers and principals must be aware of the options available
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Jan
Jan
Updating Names & Addresses on File with Customs
Posted on: January 7th, 2016 • In Bonds
Customs will allow the name and/or address on file with Customs for a continuous bond to be updated without the need for re-writing the bond, as long as the FEIN/IRS number remains unchanged. Before eBond went into effect, the entity’s name and/or address could only be updated by filing a
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Jan
Jan
Changes to Sufficiency Letters
Posted on: January 7th, 2016 • In Bonds
For several years, U.S. Customs has been periodically monitoring the sufficiency of active bonds they have on file. If Customs finds that an active Importer bond is not sufficient based on the import activity of the principal, they will provide a sufficiency notice to the principal and surety company that
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Jan
Jan
C.A. Shea’s New Renewal Notices
Posted on: January 7th, 2016 • In News
Our office has made a few updates to the annual renewal notices in the past few months. The largest change is the inclusion of a Bond Summary form for each bond. The Bond Summary provides our clients with the basic information on the bond and a list of all the
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