Customs Bonds Unveiled: Single Entry vs. Continuous - Which is Right for You?

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In this response, we provide a deep dive into the concept of customs bonds in the context of customs brokerage. We explain what a customs bond is and its importance in international trade. We then discuss the two main types of customs bonds - single entry bonds and continuous bonds - and explain their differences and characteristics. We further explore the factors that importers should consider when deciding between a single entry bond or a continuous bond, such as import frequency, volume, and cost considerations. We conclude by emphasizing the importance of carefully assessing these factors to make an informed decision that best suits the importer's business needs.
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Video Disclaimer Here: This video is designed for education and is unaffiliated with US government bodies.

0:29 - What is a Customs Bond?
0:53 - Types of Customs Bonds