The U.S. Customs and Border Protection (CBP) recently released detailed guidelines for determining minimum bond amounts. The guide can be found on their website here. This new guide is a step towards standardizing the process for setting bond amounts across most bond types. CBP has worked to streamline the methodology for determining bond amounts, collaborating with … Read more
One of the services C.A. Shea (Shea) has traditionally provided for our clients has been the filing of the Customs form 5106. On February 17, 2023, new Customs (CBP) regulations will become effective that will dramatically impact the way 5106 data may be presented to CBP.
Customs (CBP) has announced some temporary changes (CSMS #42423171, CSMS #42421561, FRN) concerning the payment of certain duties, taxes and fees in response to importers negatively impacted by COVID-19. These changes only impact certain types of import transactions (entries), such as formal entries of merchandise entered, or withdrawn from warehouse, for consumption from March 2020 or April … Read more
We at C.A. Shea & Company, Inc. are constantly monitoring the evolution and development of COVID-19 and assessing the threat to the well-being of our staff and associates. Beginning on March 17, 2020, we will be adhering to the “social distancing” policy and have instructed our staff to remain home during this time of uncertainty. … Read more
The banner achievement of eBond in the scope of Customs bonds filing coincides with the celebration of our 70th anniversary in the business of providing “Courtesy & Service” to our clients. Founded in 1945 by Cornelius A. Shea, C.A. Shea is a family business steeped in tradition and continues to be in the forefront of … Read more
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
