Shipping Terms Glossary

Customs Bond

Only the United States requires a customs bond for importing goods into the country.

What is a Customs Bond?

It's a contract between the importer, customs, and a third party to ensure all duties are paid to Customs.

Bookairfreight Tips:

"Only the United States requires it for importing goods into the country!"

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Customs Bond

Do you need a Customs Bond?

You only need to get the bond if:

• The value of your imported goods is greater than $2,000

• You are importing textiles worth more than $250

• You have to meet federal regulations for products such as firearms or food

There are 2 types of Customs Bond:

• Single Entry Bonds, for a per shipment basis

• Continuous Bonds, which are valid for a year

💸 How much does a Customs Bond cost?

1. Single Entry Bond :

A single entry bond is usually calculated at $5.50 per $1000 of the Bond Amount, or a $55.00 minimum fee .

Single Entry Bond = (Bond Amount) / $1000 * $5.5

Bond Amount = Total Declared Value + Duties & Taxes

Simple Scenario Time:

Total Declared Value = US $30,000
Duties and Taxes = US $170

Bond Amount = US $30,000 + $170 = $ 30,170

Single Entry Bond Cost = ($ 30,170) / $1000 * $5.5 = ~$166

2. Continuous Bond

To be eligible for a Continuous Bond, the Bond Amount needs to be minimum $50,000 .

The Bond price is then $475 per year.

Continuous Bonds are valid for only one year, and every renewal will cost you $475.

Cristian Ungureanu

Logistics nerd and resident marketing guy of Bookairfreight. I love writing content that simplifies old-fashioned industry processes and provides solid, accurate information you can base your decisions on. Outside of logistics, I enjoy nature, hanging out with friends, electronic music and spirituality.

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