Which statement about an importer bond is FALSE?
A. If CBP transactions will be submitted in multiple ports of entry, the continuous bond may be filed and approved by any port director.
B. The bond application must contain the value of merchandise entered annually and the names of all officers of the company.
C. A rider may be used to change the address of a principal on a bond.
D. The prior record of the principal in timely payment of duties, taxes and charges may be used to determine the amount of a bond.
E. The surety and the principal remain liable on a terminated bond for obligations incurred prior to the termination.
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The Answer is: B
Citation: 19 CFR 113.12
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