Monthly Archives :

November 2012

Foreign Trade Zone Bond World Class Shipping-Global Logistics

Foreign Trade Zone Bond

What is an Activity Code 4 – Foreign Trade Zone Bond? A Foreign Trade Zone (FTZ) is considered non-U.S. territory for Customs’ purposes and foreign goods placed into FTZ may…

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International Carrier Bond World Class Shipping-Global Logistics

International Carrier Bond

This bond ensures operators properly manifest all goods and passengers they carry, pay for the overtime services of Customs officers and comply with all regulations related to the clearance of…

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Custodian Bond World Class Shipping-Global Logistics

Custodian Bond

This bond covers the activities of bonded merchandise warehouses, carriers, cartmen and container stations. All of these business types are responsible, in the course of their work, for merchandise which…

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Import Bond World Class Shipping-Global Logistics

Import Bond

What is an import bond? A Customs import bond is a financial guaranty between the Insurance/Surety company issuing the Customs bond, Importer of Record and Customs & Border Protection (CBP).…

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Customs Bonds-What you need to know World Class Shipping-Global Logistics

Customs Bonds-What you need to know

What is a Customs bond? A Customs bond is a financial guaranty between 3 parties: the Insurance/Surety company issuing the Customs bond, the Principal (who is required to file the…

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Incoterms 2010 Chart of Responsibility 150 150 World Class Shipping-Global Logistics

Incoterms 2010 Chart of Responsibility

This chart illustrates the relationship between the seller and the buyer in international trade, and  provides a useful tool both for day-to-day work and for drawing up contracts of sale.…

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