Glossary

Customs Bond

A financial guarantee that an importer will pay duties owed to customs.

A customs bond is a guarantee, usually backed by a surety, that an importer will pay all duties, taxes and penalties owed to the customs authority. It lets goods clear and move before the final amounts are settled. Meranta arranges both single-entry and continuous bonds, so frequent importers aren't stopped to post a fresh guarantee at every crossing.