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ACE Ocean 72 – Why might a company need a continuous customs surety bond?

If you are an Importer of goods into the USA, US Customs requires the Importer to have a bond assigned to the import entry by law. This can be done in two ways, (1.) a single transaction bond where you would pay a fee based on the value of the shipment per entry or (2.) a continuous bond which covers all customs entries annually from the inception date of the bond.

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