Regulation & law · 31/05/2012

CBP Cancels Continuous Bond Subject to Enhanced Bonding Requirements Upon Acceptance of Qualified Superseding Bond Application

U.S. Customs and Border Protection (CBP) will cancel a continuous bond with enhanced bonding requirements (EBR bond) if it accepts a qualified superseding bond application from an importer who was not involved in a court case against CBP and meets certain conditions, including no contingent liability remaining secured by the predecessor bond and no coverage for pending protests.