Freelance Writing Jobs | Today's Articles | Sign In

 
Browse Sections

Dec 10, 2008

International Trade Bonds

Each of the following types of international trade bonds is equivalent to duties and taxes.

The exporter, importer or customs broker presents the bond to the U.S. Customs department.

  • Temporary Import Bonds (TIB) for goods to be temporarily imported from Canada then re-exported from the U.S. to Canada.
  • In Transit Bonds for goods shipped to final buyer in the U.S.
  • Transit and Export Bonds for products traveling from Canada through the U.S. to a final outside country destination country like Mexico.
  • Immediate Export Bonds for goods that a Canadian exporter ships to the U.S.
  • In Transit Manifest for shipments traveling from Canada through the U.S. and then back into Canada.

The Canadian version of the TIB is the E29B.

Both Canadian and American customs require the In Transit Manifest to account for shipments.



US Customs Requires Different Types of Bonds, artfulscribe@yahoo.com (morguefile.com 218290)
       


;