Effective April 8, 2014, U.S. Customs and Border Protection (CBP) will resume rendering continuous bonds insufficient if mail is returned from a bond principal. CBP’s Bond Team will be coordinating this process on Tuesdays.
If mail is returned but the address on file is accurate, importers may submit a short letter to the Bond Team that specifies the current address and states that the importer receives mail at this location. The letter must be on company letterhead and signed by an officer of the company; it may be submitted via email or fax. Once received, CBP will review the letter, and the Revenue Division will return the bond to sufficient status and attempt to resend mail to the address.
When an address on file is incorrect, the surety can respond by submitting an email with the subject line “RIDER IR#.” The mailing address can be changed by completing CBP Form 5106. If the physical address needs to be changed, importers will need to complete CBP Form 5106 and an address change bond rider. CBP Form 5106 should show both a mailing and physical address, even if they are the same. Once all paperwork is processed, the bond will regain sufficient status usually within five business days from receipt of the email.
CBP is encouraging those in the trade to work closely with their sureties to ensure notifications regarding bond sufficiency are heeded and prompt corrective action is taken to avoid continuous bonds from becoming insufficient