CBP Issues Guide for Setting Bond Amounts

Posted by Sila Barr on 2/14/24 5:00 PM

In a Cargo Systems Messaging Service (CSMS) bulletin published on February 13, 2024, U.S. Customs and Border Protection's (CBP) Office of Trade announced the publication of A Guide for the Public: How CBP Sets Bond Amounts.

According to the CSMS, the guidance serves as an "important step" toward updating CBP's bond policy, and is intended to "address gaps, to clarify what CBP and the trading public are responsible for when setting and maintaining sufficient bond coverage, and make clear what factors are considered by CBP in setting a required bond amount in particular cases."

CBP has also updated its 1991 directive, Monetary Guidelines for Setting Bond Amounts, to reflect current policies and procedures for bond amounts. A summary of changes made to the directive is linked in the CSMS.

 

CSMS #59402411 can be found here:
https://content.govdelivery.com/bulletins/gd/USDHSCBP-38a68ab?wgt_ref=USDHSCBP_WIDGET_2 

The guidance document can be found here:
https://content.govdelivery.com/attachments/USDHSCBP/2024/02/13/file_attachments/2782412/FINAL_A%20Guide%20for%20the%20Public_How%20CBP%20Sets%20Bond%20Amounts%20%28February%202024%29.pdf 

Topics: CBP, Guidance, customs bond

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