Q: Why do I need a continuous bond? A: Customs Bonds are required by US Customs for all commercial imports valued at $2,500 or more, even if a shipment is duty-free. A bond guarantees to U.S. Customs & Border Protection (CBP) that the importer will make good on its payment for the duties and taxes due per shipment. There are Single Entry Bonds (SEBs) that … Read More
Record Import Volumes Set to Worsen West Coast Port Congestion
Peak Season is well underway and the Ports of Los Angeles and Long Beach are feeling the pressure. The increased congestion results in container delays, terminal yard closures, increased wait times, and equipment shortages.