Our most frequently asked questions.
Frequently Asked Questions
NETbonds was established 2007 in Manhattan Beach CA. We are already the top ecommerce market place for online customs bonds and online ISF.
The company CEO & Founder is Derk Saltzmann
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.
We accept the following payment methods:
Credit card (Visa, Mastercard, American Express, Discover)
If you are an Importer of goods into the USA, US Customs requires the Importer to have a bond assigned to the import entry by law. This can be done in two ways, (1.) a single transaction bond where you would pay a fee based on the value of the shipment per entry or (2.) a continuous bond which covers all customs entries annually from the inception date of the bond.
For goods being imported over the value of $2500 a formal entry is required and a bond must be attached by law to that import. Also, if it is an ocean shipment then an ISF (Importer Security Filing) is required and for formal shipments a bond is required to be attached to that ISF. The fees for single transaction bond are determined by the value of the shipments and whether an OGA (outside government agency) is involved. A single ISF bond charge is based on a $10,000 bond. In general if you are importing more than once a year via ocean freight or twice a year in air freight the cost of an annual continuous bond is lower than single transaction per shipment bonds.
A single transaction bond can be used but the cost will be assessed on triple the value + duty of the goods being imported (i.e. if you import a medical device valued at $100k at 3% duty your single transaction bond fee would cost +$1000). With a Continuous Customs Surety Bond on file there would be no additional cost.
Please visit the following FAQ for information on the FMCSA Bond:
Your bond # is electronically attached to your EIN or SSN or CBP#. Therefore, you can use any Customs Broker of your choice and your Customs Broker can query your EIN or SSN or CBP# with US Customs to see if your bond is active, the value of the bond and the validity.
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
US Customs will send your firm a notice of non-payment and a fine. Your fine will increase + interest on your duty owed till US Customs will receive full payment. You, the importer will be put on a sanction list by US Customs and all future duty payments will have to be done by certified check. Eventually US Customs will collect the duty from the Surety Company that issued your bond. The Surety Company will use all means necessary to collect all fees incurred plus interest from the importer.
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.
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.
The importer is responsible for providing the following list of information to US Customs:
Manufacturer (or supplier) name and address
Seller (or owner) name and address
Buyer (or owner) name and address
Ship to name and address
Container stuffing location
Consolidator (container stuffer) name and address
Importer of record Internal Revenue Number or Foreign Trade Zone applicant ID#
Country of origin
Harmonized Tariff Schedule number (HTSUS) minimum six digit level
No, the Vessel Operating Common Carrier is responsible for this part of the ISF transmission.
Importers can transmit their data to US Customs by several methods:
- Customs Brokers
- Freight Forwarders
- Importers direct through NETbonds
The NETbonds platform provides Importers a direct gateway to US Customs through our ABI (Automated Broker Interface) system.
Importers will be required to transmit the ISF (Importer Security Filing) electronically to the CBP at least 24 hours before any ocean shipments sail from origin into the United States. This rule has been relaxed by US Customs to 72 hours before vessel arrival to first US port. Please note that the rule officially still is 24 hours before the sailing date.
Yes, any changes or updates to the Importer Security Filing (ISF) must be done prior to the shipment arrival at the first U.S. Port of arrival.
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.
A House Bill of Lading (HBL) is issued by the NVOCC/Freight Forwarder to the actual customer.
A Master Bill of Lading (MBL) is issued by the Shipping Line (Carrier) to the NVOCC/Freight Forwarder and otherwise known as a Straight Bill of Lading is issued by the Shipping Line (Carrier) direct to the importer or record.
House Bill of Lading will be an EXACT replica of the Master Bill of Lading issued by the actual Shipping line in respect of cargo details. The only difference will be that the shipper, consignee and notify party details will be different in the HBL and MBL.
Non-compliance may result in customs clearance delays and cargo inspections. After January 26, 2010, the CBP will assess a penalty of $5,000.00 per ISF violation per shipment, with a max penalty of $10,000.00.
The 5+2 applies to, Transit of Foreign Cargo covering freight remaining on board the vessel (FROB), Immediate Exports (IE) and Transportation and Exportations (T & E), five data elements will be required for ISF transmission by the Vessel Operating Ocean Carrier to the CBP. These five data elements are:
Foreign port of unlading
Place of delivery
Ship to party
HTSUS (minimum 6 digit level)
NETBonds is not providing ISF 5+2 at this time.
Please view the official US Customs and Border Protection FAQ here: ISF FAQ
You can use the contact form on our website or contact us via the information below: