Glossary
Customs Bond
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A customs bond, or import bond, is a legal document verifying all required importing fees, duties, and taxes have been paid.
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What is a customs bond?
Required for goods valued at over $2,500 being imported into the United States, this document is a legal agreement that outlines and verifies that all required importing fees, duties, and taxes have been paid.
This is also called an import bond.
The continuous bond amount must cover 10% of annual customs duties and fees calculated on a rolling basis. For example, a continuous bond of $50k would cover an importer up to $500k worth of annual customs duties and fees. Flexport works directly with our surety who issues the bonds for importers.
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Not Based in the US? Importing as a Foreign Importer of Record
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