Additional Bond Insufficiency Details Added to ACE Bond Sufficiency Details Portlet
U.S. Customs and Border Protection has issued a CSMS message announcing that it has added additional information to the ACE "Bond Sufficiency Details" portlet.
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Insufficiency Reasons Will Now be Displayed
If the bond is insufficient the portlet will now display the "Insufficiency Reason." In addition, a "Comment" field has been provided.
Prior to this, the only way the trade community could learn why a particular bond was insufficient was if they communicated directly with the knowledgeable CBP office/officer.
Functionality Provides Immediate, Detailed Info on Why Bond is Rendered Insufficient
This functionality will provide immediate, detailed information as to why a bond has been rendered insufficient.
Insufficiency reasons are as follows:
Bond Liability Amount Must Be Increased - Import Volume
Bond Liability Amount Must Be Increased - Outstanding Debt
Bond Liability Amount Must Be Increased - Passenger/Railcar Fees
Address Incorrect - Mail Being Returned as "Undeliverable"
Debit Vouchers Associated with a Party on the Bond
Invalid Termination Request Filed w/CBP
Required Documentation Missing
Invalid EIN Listed on the Bond
Failure to Deposit Required Cash-in-Lieu of Surety
Other - See Comments
(See ITT's Online Archives or 05/19/09 news, 09051910, for BP summary announcing CBP would no longer post information about continuous bonds scheduled for insufficiency in ACE.)
CSMS 09-000244 (dated 06/15/09) available at http://apps.cbp.gov/csms/viewmssg.asp?Recid=17633&page=&srch_argv=09-000244&srchtype=all&btype=&sortby=&sby