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A U.S. Customs Import Bond is known by a variety of names including; Importer Bond, Customs Bond, C1 Bond, and an Activity Code One Bond. Despite its many names, they are all talking about the same piece of the importing process. Now we know what to call it, but what exactly is a U.S. Customs Import Bond? A U.S. Customs Bond is a three party contract between a bond principal, a Treasury listed surety, and U.S. Customs and Border Protection, also known as CBP. In the case of a U.S. Customs Bond, the bond principal is usually a person or company that imports goods into the United States. Having a bond on file is a mandatory requirement of the importing process and goods will not be cleared at their port of entry without one. U.S. Customs and Border Protection is the government agency that controls, regulates, and facilitates the movement of goods into and out of the United States. A U.S. Customs Bond is a type of surety bond so it must be written by an insurance company. Here at TRG we...