The Fleet Feet Footwear Company (Fleet Feet) is the principal on a continuous bond on file with Customs in Dallas for basic importation and entry activity. Upon moving its corporate headquarters to Los Angeles, Fleet Feet wants to have its continuous basic importation and entry activity bond on file in Los Angeles. Which ONE of the following choices can Fleet Feet use to do this?
A) Submit an address bond rider to Customs in Dallas to reflect the address of its new corporate headquarters.
B) Submit a written request to the port director in Dallas asking to have the continuous bond transferred to the Port of Los Angeles.
C) Submit a new continuous basic importation and entry activity bond to Customs in Los Angeles and keep the one on file in Dallas in order to have extra liability coverage.
D) Terminate the continuous bond on file in Dallas and submit a continuous basic custodial bond to Customs in Los Angeles with an effective date later than the date of termination of the bond that is filed in Dallas.
E) Terminate the continuous bond on file in Dallas and submit a continuous basic importation and entry activity bond to Customs in Los Angeles with an effective date later than the date of termination of the bond that is filed in Dallas.
[bg_collapse view=”button-green” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer and Citation” collapse_text=”Hide Answer and Citation” ]
The Answer is: E
Citation: 19 CFR 113.11
[/bg_collapse]