NETbonds started selling customs bonds online, we were one of the first to bring online customs bonds to the market. We then added ISF online filings, for the do it yourself importer or freight forwarder.
NETbonds platform is based on the web and our system being integrated. While NETbonds is not a licensed customs broker. We work with licensed customs brokers to have our importers goods cleared & we integrate our information systems with our customs brokers for clear, concise accurate work. Customs Broker fees are based on time, when we can use our systems for the customs broker to file faster, everyone costs decrease.
Benefits / Reason Why
Save Costs & Time
Full Tracking capabilities
Go Paperless, All Docs Saved to the Cloud
Connect to US Customs Direct
Customs Brokers and Freight Forwarding have always been two completely different businesses. Custom Broker handle the clearance and freight forwarders handle the logistics. Most companies merge the two as they synergize together to give clients a full package. At NETbonds we are taking that to the next level by integrating our clients into the process.
Do I need a Customs Brokerage?
Customs brokers are licensed by U.S. Customs and Border Protection to handle customs business for the trade community. While an importer is not legally required to hire a customs broker, the importer is responsible for filing all paperwork and paying all duties, taxes, fees and charges for an entry.
Access to the NETbonds Platform
ISF Types NETbonds offers
ISF Type 1 is a commercial ISF.
ISF Type 1 + bond is a commercial ISF but the importer doesn’t have a continuous bond on file. We therefore issue a single transaction bond against that ISF.
ISF Type 5 is a diplomatic ISF.
ISF Type 11 is an informal ISF. Being informal, the declared cost of the item being imported is below the $2500 threshold.
Why do I need a continuous surety bond?
A Continuous Customs Surety Bond guarantees that all customs duties and penalties assessed and charged by U.S. Customs will be paid by the Importer. The bond is effective for a year and is automatically renewable annually. The Continuous Customs Surety Bond is for a sum of not less than $50,000 or 10% of the total duties paid in previous year.
Do you need to have a bond on file with us customs to file ISF?
If you are importing your personal belongs, goods under diplomatic clearance or goods valued less than $2500 you do not need a bond.
ISF’s filed for all commercial goods over the $2500 value will need to be secured by a bond. A Type 1 – US Customs Continuous bond or a single transaction bonds in the amount of $10,000.00 will be accepted for ISF filings.
What is a surety bond?
A Surety Bond is a contract that’s among at least three parties:
Importer (Principle) – Pays the duty
US Customs (Beneficiary) – Receives the duty
Insurance Co (Surety) – Guarantees the importer pays US Customs
What is an isf 10+2?
ISF stands for Importer Security Filing and the 10+2 stands for the number of requirements US Customs needs to generate the ISF number. The ISF is the method for importers and vessel operating ocean carriers to provide U.S. Customs and Border Protection (CBP) with advance notification for all ocean vessel shipments inbound to the United States.
Money back guarantee?
NETbonds has a simple rule, if we cannot perform the service we will refund your money. If we have not issued the bond and you change your mind, we refund your purchase. If you choose the wrong bond, we will refund or credit it towards the purchase of the right bond, your choice.