This bond covers the activities of bonded merchandise warehouses, carriers,
cartmen and container stations. All of these business types are responsible, in
the course of their work, for merchandise which has not yet been officially
“entered” into the commerce of the United States, and for which duties are
still due. Such goods are referred to as being “in-bond”.
Bond Amount Calculation: The proper bond amount is determined by the
District Director of Customs, depending on average loads and types of
commodities to be in care of the bondholder. The minimum Activity Code 2 bond
amount accepted by Customs is $50,000.
As with all Customs bonds, should your bond amount be inadequate according to
Customs regulations, Customs will advise the importer and the surety company to
increase the bond amount, and they will give a reasonable amount of time to do
so.
TRG Underwriting Requirements: Fully complete bond application form,
completed Power-of-attorney form, and most recent company financial statements.
More documentation is required for First Time Activity
Code 2 Bond Applicants.
TRG writes all kinds of Customs Bonds. Visit our
Quote Calculator to view our rates for any Customs Bond type or
Apply Now and get your quote as you apply.