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ACE Ocean 07 – How can a CBP...

Continuous bonds to CBP (U.S. Customs) do not have an expiration date. They are valid until terminated (or CBP placing the bond into insufficient status).

The insurance company requires an annual payment of premium charge. If not paid, the surety would release termination of the bond.

If paid, a new bond is not issued each year. The only way to verify if a bond is in force is to run a query with CBP (U.S. Customs). Such a query would verify if the bond is in force as of that date.

Houston, we have a problem!

We are currently fixing this spaceship, so you might experience a bumpy flight.