GLC New Client | Continuous Bond Application

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NCP: Continuous Bond Application (Oct.3,2022)

Continuous Bond Application

A Bond guarantees payment to U.S. Customs for the Duties and Taxes due on an import shipment. Many Importers purchase a US Customs Continuous Bond to avoid Single Entry Bond charges. A Continuous Bond’s value is based on 10% of the Duties, Taxes, and Fees paid on shipments imported over the previous 12-month period. $50K is the minimum value of a Continuous Bond.

Importer Information

Importer of Record´s Complete Name

Tax ID # (EIN or Customs Assigned #)

Shipment Information

What are the products imported?	Where are they manufactured?

Previous Year's Shipments

Please enter the # and value of shipments (entries) imported last year and the est. Duties and Taxes paid – if no previous imports put N/A

Merchandise Value

Estimated Duties

Number of Entries

Next Year's Estimated Shipments

Please enter the # and estimated shipment value, Duties and Taxes anticipated over the next calendar year. If you are unsure, base on the expected volume this year.

Merchandise Value

Estimated Duties

Number of Entries

Does anti-dumping/counter-vailing duties apply to any of the commodities that will be covered under this continuous bond?

Yes

*Please note that the surety approving this continuous bond will likely require cash collateral for the entirety of the bond. A Customs brokerage representative will contact you with more details upon submission of your application.

I certify that to the best of my knowledge anti-dumping/ counter-vailing does not apply to any products that will be covered under this continuous bond and should I be made aware of anything to the contrary, the Customs Brokerage department at GLC will be notified to update my continuous bond details.

I certify the information contained in this application is true and accurate and any information provided which is estimated is based on the best information available on the date of this application.

Signature of Signer

Capacity/Title

Phone Number of Signer

Email Address of Signer

I/We acknowledges receipt, acceptance and application of the foregoing Terms and Conditions of Service.