TRG Bond’s™ Loyalty Program
How to Qualify for the Customs Bond Consolidation Benefit
A) All companies applying for consolidation must fall under 100% same ownership
B) All companies applying for consolidation must be of the same corporate structure
C) The total amount in duties and taxes paid to CBP by all companies on the bond must not exceed the coverage limit
About Coverage Limits
Unless otherwise stated by CBP, importers can use this formula to determine the proper
Continuous Import Bond to file:
Estimated Annual Duties and Taxes for ALL Companies Covered on the Same Bond x 10%
The minimum continuous importer bond accepted by CBP is a $50,000 Customs bond. If the importer of record expects to pay between $0 and $500,000 per year in import duties on ALL companies filed under the same bond, they would file the minimum Continuous Import Bond of $50,000. Should a larger bond be required to accommodate co-principals, TRG Bond™ will provide you with a quote for the bond size needed. A $50 Client Services fee is charged for each Co-Principal added to a Customs bond. Even with this nominal fee, you will drastically lower your annual bonding costs by including Co-Principals on one
import bond.