2020 October No.37 – Bonds


Which of the following statements regarding bonds is TRUE?

A. Continuous bonds may not be filed any earlier than 30 days prior to the requested effective date

B. A single transaction bond is effective on the date shipment leaves the foreign port

C. If a bond is terminated, new transactions may still be charged against the bond

D. A bond rider must be filed at the port where the entry is filed

E. With regard to Import Security Filing bonds, the principal and surety agree to pay liquidated damages of $5000.00 per violation

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The Answer is : E

Citation: 19CFR??113.63(g)

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