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What is a Canada Customs Bond?

What is a Canada Customs Bond?

A Canada Customs Bond (form D120) is a surety bond posted for the benefit of the Canada Border Services Agency (CBSA) to guarantee compliance with a law or regulation – essentially to guarantee CBSA will get paid. Similar to U.S. Customs & Border Protection (CBP) bonds, there are three parties to the bond contract:

  1. The bond principal (such as the importer)
  2. The surety company who provides the bond
  3. The obligee (CBSA)

There are various types of Canada Customs Bonds and all serve a unique purpose for the bond principal.

Canada Customs Bonds are designed to cover specific import, trade, and travel activities.

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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.

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