CBP Releases New 5106 Form

Posted on: March 18th, 2019 • In Bonds

Customs and Border Protection (CBP) has announced an update to the 5106 form effective March 18, 2019.  CBP has been working on this new 5106 form for the past few years.  Our office has provided input on this form several times, which has impacted the final form.  This new form

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Increased Tariffs for Steel and Aluminum

Posted on: September 13th, 2018 • In Bonds

On March 8, 2018 the President issued proclamations to increase the tariffs/duties owed on the importation of steel and aluminum articles into the United States.  These changes have caused some concern in the U.S. Customs and Border Protection (CBP) world, especially regarding the bond amounts for continuous Importer bonds.  Since

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CBP Insufficiency

Posted on: September 13th, 2018 • In Bond Type: 301-1 - Importer

CBP periodically monitors the sufficiency of active bonds they have on file.  If they find that an active Importer bond is not sufficient according to it’s published directive, which is based on the import activity of the principal, they may do one of two things.  (1) In the event that

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What is an Airport Security Bond?

Posted on: April 30th, 2018 • In Bond Type: 301-11 Airport Security, Bonds

Do you have construction clients who work, or will be working, at an international airport?  If so, they may need an Airport Security bond before they start the job. According to Customs: “Customs security area” means the Federal inspection services area at any airport accommodating international air commerce designated for

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What is a Custodian of Bonded Merchandise bond?

Posted on: April 30th, 2018 • In Bond Type: 301-2 - Custodian of Bonded Merchandise, Bonds

A Custodian of Bonded Merchandise bond, activity code 2, covers various types of operations for companies transporting or holding goods that have not yet entered the commerce of the United States for export or entry at a later time or place; also known as “Bonded Merchandise.”  Operations such as bonded

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Customs “Bad Address” Policy – Why a Current Address is so Important.

Posted on: January 17th, 2018 • In Bonds

It has become ever more important for bond principals to keep their Customs bonds up to date.  In the last few years, Customs and Border Protection (CBP) has initiated a number of policies that can have a serious effect on your client’s ability to operate.  One of the most consequential

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How to Update Names & Addresses on File with CBP

Posted on: January 17th, 2018 • In Bonds

Before eBond went into effect, an entity’s name and/or address on file with CBP for a continuous bond could only be updated by filing a rider along with the 5106 form.  Neither the address, nor the name, could be changed without the consent and formal acknowledgement by the principal and

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The Freeze Program for Addresses

Posted on: January 17th, 2018 • In Bonds

Given the impact that incorrect information on file with CBP can have, it is important that brokers and principals be aware of the options available to them.  One such option is the “Freeze Program,” which CBP has had in effect for many years, which could help the principal control the

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Executive Order on Antidumping and Countervailing Duties

Posted on: April 6th, 2017 • In Bonds

On March 31, 2017, President Trump executed the Presidential Executive Order:  Establishing Enhanced Collection and Enforcement of Antidumping and Countervailing Duties and Violations of Trade and Customs Laws.   Based on this Executive Order, U.S. Customs and Border Protection (CBP) immediately began the process to implement this Order.   Upon announcement

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Understanding Antidumping and Countervailing Duties

Posted on: April 6th, 2017 • In Bond Type: 301-1 - Importer, Bonds

When U.S. Industries have suspicion that specific commodities from certain countries are being imported and sold below fair market value, they may petition the U.S. Government to impose  special duties on imports of these goods.  These duties are referred to as antidumping duties (ADD). Similarly, when U.S. Industries have suspicion

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