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,
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Sep
Sep
Carnet Bond Renewals
Posted on: September 25th, 2014 • In News
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
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Sep
Sep
An Update on eBond
Posted on: September 25th, 2014 • In News
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
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Jun
Jun
Customs is Changing How Bonds Are Filed – What You Need To Know
Posted on: June 9th, 2014 • In News
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
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Jan
Jan
Update: The Acceptance of Late Petitions for Liquidated Damage Claims
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
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Oct
Oct
Government Shutdown Impacts Customs
Posted on: October 1st, 2013 • In News
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
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Jul
Jul
Our Disaster Recovery Plan
Posted on: July 1st, 2013 • In News
We at C.A. Shea & Company take our motto of “Courtesy and Service” very seriously. Unfortunately, Mother Nature can sometimes step in and make it difficult for us to be available for our clients. When the 2011 Halloween nor’easter knocked the office’s power out for 3 days and Superstorm Sandy
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Jan
Jan
Hurricane Sandy
Posted on: January 29th, 2013 • In News
We at C.A. Shea & Company, Inc. would like to take a brief moment to thank each and every one of you, our brokers, for your patience and cooperation during Superstorm Sandy. Our office was without power, phone and internet for nearly two weeks; however, despite these setbacks, by working
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Nov
Nov
Shea Broadens It’s Surety Markets with the Addition of Three New Sureties
Posted on: November 2nd, 2012 • In News
We are pleased to announce that Shea has been approached and has entered into relationships with Arch Insurance Group, Aspen Specialty Insurance and Philadelphia Insurance Companies to provide Customs bond support for their valued surety accounts and producers. With the continued expansion of sureties into the marketplace, it has become
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Jan
Jan
Interested in Sending Payment Electronically?
Posted on: January 31st, 2012 • In News
C.A. Shea is pleased to offer brokers the ability to remit payment via wire transfer. This allows your account to update the day we receive payment, rather than waiting for a check to clear. It also cuts down on the amount of paper generated to issue a check. If you would
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