Resource Center

CBP Bond Insufficiency Notices

CBP Bond Insufficiency Notices

CBP Says my Continuous Import Bond is Insufficient – What do I do?

Continuous Import Bonds

U.S. Customs & Border Protection (CBP) resumed sufficiency reviews in August 2020 after halting their monthly reviews for a three month period at the start of the COVID-19 crisis.

U.S. Customs and Border Protection (CBP) reviews the sufficiency of all active continuous import bonds on a monthly basis and will issue a demand for a larger bond (also referred to as an insufficiency notice) when an importer’s bond has exceeded its capacity. The number of bond insufficiency notices issued by CBP has reached an unprecedented amount, having nearly quadrupled in count since 2017.

The additional tariffs that have been imposed recent years have a direct effect on U.S. Customs continuous import bonds. The bond amount is primarily calculated as 10% of the total duties, taxes and fees paid for the last 12 months, and increased tariffs lead to increased bond amounts.

It’s more important than ever for the importer to work closely with its customs broker to project the amount of duties, taxes and fees it expects to pay in the upcoming 12 months in order to calculate the bond amount best suited for its needs.

This video demonstrates possible ramifications of special tariffs on customs import bond amounts:

 

How to Process a CBP Bond Insufficiency Notice – Continuous Import Bonds

Contact your Roanoke bond service team for assistance – we will process the termination of the existing bond through eBond and assist you with the filing of the new, increased bond! All bonds are reviewed individually – additional information may need be needed to increase the bond. Contact us without delay when you receive a bond insufficiency notice to avoid any lapse in coverage.

Should additional information be needed, we encourage you to read our Importer’s Road Map to Navigating Financial Requirements and Compliance for Customs Import Bonds for an underwriting explanation and where to find assistance or contact us for a white labeled version!

 

LEARN MORE

When an importer receives a bond insufficiency notice from CBP, it’s key that they act promptly and that they do not rely on the minimum bond amount shown on the letter. The bond holder needs to decide what amount is necessary to protect their interests and limit costs. An experienced customs broker is the best source of assistance on customs bond sufficiency matters. Bond holders should work with customs brokers to make sure their bond and other CBP-related needs are addressed in an informed and professional manner. Failing to make accurate projections and select the best bond amount can have serious consequences.

Download our Importer’s Road Map – Guiding the Importer Through the Obstacles of Customs Bond Sufficiency or contact us for a white labeled version!

 

Bond Amount Calculations

CBP dictates the minimum bond amount required. Refer to these directives and tools for proper guidelines and contact your Roanoke bond service representative for assistance.

Contact your Roanoke bond service team for additional assistance!

 

Our Latest Articles

Hurricane Insurance Readiness Guide for Logistics Professionals

Minimize disruption. Maximize recovery. Insure what matters. Why Insurance Readiness Is Business Resilience Every hurricane season, logistics businesses across the Gulf and East Coasts — and increasingly, inland — face serious risks. From warehouse flooding and power loss to damaged cargo and business shutdowns, the financial fallout can be significant. The good news? Insurance isn’t just a recovery tool — it’s a strategic advantage. This guide will help you evaluate your current policies, identify critical gaps, and understand what protections are most important before the next storm strikes. Designed for: Freight forwarders Customs brokers Warehouse and yard operators Inland and […]

How to Select a Reliable Trucking Partner: A Guide for 3PLs to Combat Industry Fraud

By Trent Van Wormer, Strategic Relationship Manager The transportation industry operates on trust, efficiency, and strong partnerships. For third-party logistics providers (3PLs), choosing a reliable trucking partner is not only critical for operational success but also essential in combating fraud—a persistent threat in the logistics industry. According to the Transportation Intermediaries Association (TIA), fraud-related issues, including double brokering and carrier identity theft, cost the industry millions annually. By conducting thorough due diligence, 3PLs can mitigate risks and build long-term, trustworthy relationships with great trucking partners. Here are the key factors to consider. Operational Capabilities and Capacity Assessing a trucking company’s […]

The Benefits of an ATA Carnet versus a Temporary Import Bond (TIB)

By: Kelli Milianti, ATA Carnet Manager, Roanoke Insurance Group Inc. When shipping goods for temporary importation and re-exportation, businesses must select a form of security to meet customs requirements. Most often the cargo owner faces the choice between using an ATA Carnet with a carnet bond or a Temporary Import Bond (TIB). Each option has its advantages, but the ATA Carnet generally offers more streamlined benefits for international trade. Benefits of an ATA Carnet 1. Cost Savings: ATA Carnets eliminate duties and value-added taxes (VAT) when goods are re-exported within the validity period, reducing financial burdens[1][2][3]. 2. Simplified Customs Procedures: […]

Roanoke is the leading provider of insurance and surety solutions for transportation and logistics providers. In fact, we are recognized as the most reliable source for U.S. customs bonds.

Contact

If you have any questions or need help, feel free to contact with our team.

800-762-6653

US CORPORATE HEADQUARTERS

1501 E. Woodfield Road

Suite 400W

Schaumburg, IL 60173


CANADA CORPORATE HEADQUARTERS

390 Bay Street

Munich Re Centre, 22nd Floor

Toronto, ON M5H 2Y2

Solutions that Go the Distance.

© 2024 Roanoke Insurance Group Inc.

Better Business Bureau logoCoverholder at Lloyd's logo