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Anyone wishing to import goods into the United States or engage in import related operations is required to post some form of financial security with U.S. Customs and Border Protection (CBP). While CBP is authorized to accept a variety of forms of security, such as cash, U.S. Treasury notes, or Treasury bonds the most common (and typically most cost effective) form is a surety bond (Customs bond).
In addition to assisting our clients in obtaining the proper bond coverage, our firm also has extensive expertise in managing the claims process. It is critically important for bond principals to exercise care and promptly respond to bond claims before the surety company gets involved, to avoid a potentially serious issue with the surety company.
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Wildlife Experience
Dec 23, 2020