CBP to Find Continuous Bonds Insufficient if Mail is Returned, Says Surety
CBP will restart its policy of finding a continuous bond insufficient if the agency gets back mail sent to the bond principal, said Roanoke Trade in an alert. The agency told the Customs Executive Surety Committee "that they will re-instate…
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their returned mail process" and that "CBP’s bond team will render continuous bonds insufficient when CBP receives returned mail from the bond principal," the alert said. CBP will flag bonds insufficient on Tuesdays, starting with April 8 and Roanoke Trade, "through its surety account ACE portal, will monitor our customers’ continuous bonds and will work with those customers affected by this process," the surety said. "Bonds rendered insufficient for returned mail can be re-instated by submitting a bond rider and CBP Form 5106 to CBP’s bond team using the subject line, “RIDER IR#”. If only the mailing address is being changed, CBP will accept a CBP Form 5106 only."