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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Securing Non-Public Information

Posted on: October 11th, 2017 • In News

In recent years, the transmission of non-public information has been an expanding concern.  Due to these concerns, there have been several states which have implemented specific “Cybersecurity” requirements that have greatly impacted how companies conduct business.  C.A. Shea & Company, Inc. strives to protect our client’s sensitive information and take

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Paperless Invoices and Statements

Posted on: October 11th, 2017 • In Bond Spotlight

In an attempt to better serve our clients, our office will be sending renewal notices and statements via email in the future.  This will allow our clients to receive their statements and renewal invoices directly into their email inbox without having to worry about documents getting lost in the mail. 

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Customs ACE Reports

Posted on: October 11th, 2017 • In Claims, News

Customs recently issued a message on their Cargo Systems Messaging Services concerning Automated Commercial Environment (ACE) accounts. The message read: This is a reminder that CBP bills for supplemental duties, taxes and fees, or vessel repair duties are due thirty (30) days from the date of the bill. Any bill

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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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Who Handles Your Customs Bond?

Posted on: January 13th, 2017 • In Bonds

There have been a lot of recent changes to the U.S. Customs bond industry, from sureties pulling out of the Customs bond business to Managing General Agents (MGA) moving to other surety markets.  Unfortunately, Customs will not allow the surety on a bond to be changed without re-writing the bond. 

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Terminating a Customs Bond

Posted on: January 13th, 2017 • In Bonds

Once a continuous U.S. Customs bond takes effect the bond will remain in effect until it is terminated by the principal or the surety.  Our office would handle any termination requests for bonds we write to ensure the bond is terminated appropriately in the Customs database. While many other lines

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Paperless Invoices and Statements

Posted on: January 13th, 2017 • In News

In an attempt to better serve our clients, C.A. Shea can now offer emailed statements and renewal invoices.  This allows our clients to receive their statements and renewal invoices directly into their email inbox without having to worry about documents getting lost in the mail.  It also cuts down on

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