Infographic: Bonded Freight – Understanding the Requirements
Importing freight that is destined to be sold in the United States will typically require a customs bond through the Customs Border Protection agency. One of the focuses of the U.S. Customs and Border Protection agency is facilitating lawful international trade and travel. To do this, imported materials are required to go through the bonding process, becoming bonded freight, to declare the items and determine if the products are in compliance with import regulations. A customs bond will need to be posted when merchandise is valued over $2,500, or the material is specified for other requirements. Materials can go through the bonding process while in transit by using a bonded carrier. Carriers must request approval from the CBP, and adhere to set standards, in order to move bonded freight. Some logistics providers are able to offer cross-border services, such as in-house customs brokers, that allows you to incorporate the added steps into your mainstream logistics operations seamlessly. Customs Brokers that are licensed by the U.S. Customs and Border Protection can be used to help clear materials across the border, acting on behalf of imports. Brokers can be a strategic stepping stone as they are able to help sort through the information that is required to process your bond. Having a customs broker work directly with you can expedite the process and lower the level of complexity. Learn more about bonded freight and the requirements with the infographic below. All information obtained through the U.S. Customs and Border Protection agency website. For further information or specific requirements, please visit the site provided.