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International Trade
Newsletter - May 30, 2002
 
In this Issue...
Customs Procedures for Continuous Bond Coverage
 
May 30, 2002
 

The U.S. Customs Service has initiated procedures to ensure continuous bond coverage on future import transactions for importers whose continuous bonds were destroyed in the terrorist attack of September 11, 2001. The attack resulted in the destruction of customs bonds, which were filed for approval at the New York Seaport (port code 1001) and at the New York Regional Port (port code 7200). In order to ensure uninterrupted bond coverage and avoid the need to file an application for a new continuous bond, each party having a continuous bond of any type involving activity code 1 to 5 that has an effective date of September 11, 2001, or earlier, that was filed at either of the two ports referred to above and that remains in effect on the date of publication of this notice must by June 12, 2002:

  • provide a copy of a current bond to customs, with the customs bond number and copies of any riders to the bond or
  • file a new continuous bond application with U.S. Customs

Failure to act by June 12 will cause U.S. Customs to refuse to accept a reference to the bond to guarantee future transactions. The copy of the continuous bond or the new continuous bond application should be sent to either of the following addresses:

U.S. Customs Service

Attention: Bond Desk

1210 Corbin Street

Elizabeth, New Jersey 07201

U.S. Customs Service

Attention: Bond Desk

Bldg. 77

JFK Airport

Jamaica, New York 11430

For more information click http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=2002_register&docid=02-11788-filed.