CBP Now Giving Managed Accounts Advanced Notice That Bonds are Insufficient
U.S. Customs and Border Protection (CBP) has posted a short message to its Web site, entitled: "Notifying Managed Accounts of Bond Insufficiency."
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
This message states that CBP is now offering advanced notice to managed accounts when their bonds are insufficient.
According to the message, effective immediately, CBP Account Managers will alert the account point of contact that a bond insufficiency notice is to be issued by CBP.
The CBP Account Manager also will identify the amount required for the new bond, thus facilitating immediate action to correct the insufficiency.
According to CBP sources, it appears that this change was made simply to give the managed accounts a courtesy phone call.
(A CBP document states that the Account Management Program is designed to increase importer compliance and improve customer service through one-on-one interaction with a specially designated Customs representative called an Account Manager.
Accounts are selected by CBP's Account Management Branch at Headquarters. Importers are selected based on the value and volume of imports. In addition, Account Managers are assigned to C-TPAT (Customs-Trade Partnership Against Terrorism) partners as available. CBP document, undated, available at http://www.cbp.gov/xp/cgov/import/informed_compliance/account_mgmt_program.xml )
(See ITT's Online Archives or 01/31/05 news, 05013105 for BP summary of CBP's bond formulas for calculating Activity Code 1 Continuous Bonds.)
CBP Note (dated 10/25/05) available at http://www.cbp.gov/xp/cgov/import/informed_compliance/bond_insufficiency.xml