Can International Shipping Companies Use Drayage in America?
Drayage provides a substantial portion of the logistics and shipping industries in the United States. International shipping companies are eligible to use drayage in the United States providing the U.S. drayage company is customs bonded. A customs body can be applied for from a surety provided by the Treasury Department.
Types of Customs Bonds
There are several different types of customs bonds. Which type a company need depends on the types of Customs and Border Protection (CBP) transactions the company will be making, and the conditions of each type of bond differs depending on the type of activity that the bond is securing. Custom bonds may be required for temporary importation or some kinds of informal entries. There are also custom bonds which cover the dealings of warehouse and storage facility owners, carriers, masters of vessels, cartage operators, and drawback filers. It is also possible to secure a Single Transaction Bond (STB) for a one –time only importation or Continuous Bonds (CB) cover multiple transportations. An STB usually covers the value of the cargo plus taxes, duties and fees. CBs generally cover 10 percent of the taxes, duties and fees paid by the importer during the previous year. Here at Bonded Services, our extensive industry expertise has helped us become the regional leader in the transport and storage industries. This is why we are the best when it comes to providing the hard assets and deep experience that your company needs. You can count on us to provide you with secure public warehousing, contract warehousing, and reliable order fulfilment, transportation and inventory management. We have experience serving many industries from building products to food products, auto parts to lubricants. Contact us today to discuss how we can fulfill your transport and storage needs.