What is Customs Bond?
This is a guarantee from a surety to the government that an importer will faithfully abide by all laws and regulations governing the payment of customs revenue during the importation of goods.
- Particular Bonds - This type of Security Bond are executed to cover one specific transaction
- General Bonds - These are executed to cover a number of transactions over an unspecified period of time.
We will provide the following protection under the cover:
Step 1: Identify the type of bond you will need
Step 2: Get a quotation
Step 3: Provide ownership and stakeholder information
Step 4: Complete the application form
Step 5: Make premium payment
Below is a step by step process on how to apply:
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- A letter from Broker requesting for bonds on behalf of the client
- A letter from the client asking for the bond facility
- Director’s personal counter guarantees signed and witnessed by a lawyer.
- Application form for us to consider issuing Bonds duly completed and signed
- Financial audited reports for the last three years signed and approved by the board of the particular company