Continuous Bond (CB)

In today's fast paced, highly automated commercial trade environment, importers can keep pace by securing an annual bond to keep their cargo moving. Continuous bonds are backed by surety companies that are treasury listed by CBP and guarantee an importer’s duty, tax, and compliance responsibility to Customs for each annual importing period. Continuous bonds also cover an ocean importers responsibility to make timely and complete security filings 24 hours prior to lading overseas (ISF).

With a continuous bond on file, importers can make paperless entries and have their entries filed remotely by their customs broker in any port. This speeds up the importation process and eliminates potential paperwork problems associated with each customs clearance. These bonds are continuous by nature which means they will automatically renew each year unless a termination is requested. Under insurance law, customs bonds, like insurance policies must be renewed on an annual basis each year and can be terminated by either party through the proper channels.

In an effort to further enhance the broker experience, IB&M is pleased to offer Bond Catalyst continuous bond. Our new continuous bond filing platform has many new enhancements designed to expedite new bond submissions, manage existing bonds, and eliminate potential rejections.