What is a continuous customs bond?

A continuous customs bond is one that you can renew indefinitely. When you initially purchase a continuous customs bond, it will be effective one year from the date of issue. At the time of purchase, an importer can choose to set the bond to renew automatically at the end of each fiscal year.

What is the opposite of a continuous bond?

The opposite of a continuous bond is a term bond, single entry bond, or single transaction bond. A single transaction bond covers only one import shipment. This bond covers only the entry or transaction for which it was written and it is filed at the specific port where the entry will be made.

How much does a continuous bond cost?

Continuous bonds are best suited for importers that plan on importing multiple shipments, or using multiple ports of entry, over a 12-month period. You must purchase at least $50,000 in coverage when getting a continuous bond. The total cost may rise depending on the tariff rates and taxes owed on your shipment.