need to rent a US carrier bond

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supersean55

Member
May 29, 2013
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Have a shipment to move from the port of Baltimore to Winnipeg MB.
It will be a bonded shipment and we need to rent a bond for the move.

905-840-9487

Sean
 
Sean called me, we would rent a bond but only if our brokerage was handling the shipment.

It's risky if you just rent it out, if they forget to cancel it before entering Canada it could cost the owner of the bond up to the value of the freight in fines.

Remember 1 truck = 1 bond, you can't have 1 bond for multiple trucks.
 
At one time renting or borrowing a bond was pretty common. Nowadays it seems almost impossible. I was able to do it a year or so ago but now I just give the guy that has the bond the loads never did like going to Laredo anyway.
 
A & A Contract Customs Brokers have a dept that handles one time clearances - they might be able to help. They have offices on both sides of the border.

Rob is correct - Years ago, back in the late 1990's renting a US Customs bond was acceptable - I used to run a lot of Toronto to El Paso TX bonded freight and would get a letter from John at Sheresky Trucking in Burlington authorizing the use of his bond for a particular shipment - paid John $50 for the letter, sent him a copy of the cancelled bond and never had a problem with US customs.

I'm sure things are different now.
 
it works just about the same way now too, but if you have any issues with the bond and cancelling it then it opens up for huge fines
 
One time clearances aren't the same as bonds.
I don't understand 1 truck = 1 bond ???
My U.S. Customs bond covers my entire fleet. Has for years, and still does. Matter of fact, so does my Canada Customs bond.
Minimum fine for "forgetting" to cancel a U.S. Customs bond is $200,000.00 USD, then there is the issue of freight value that gets added.
So, it's pretty easy to see why they don't get loaned or rented very often any more.
 
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Just to add to the conversation. It really isn't very expensive to get a bond for yourself. It is not a difficult process and as a long-term investment for your company, it could easily pay for itself. You have opportunity to move more freight if you are bonded, so it opens some doors for you. For the future, it might be worth your while to look into getting one.
 
We use to have a bond, I got so tired of chasing drivers and dock people to get the bond canceled, transfered. If you take freight to a port inbond they want to leave it on your bond until the boat sails, which could be a week or two, then try to find someone with the cancelled bond. If you go to Laredo or other port going to Mexico, the forwarder wants to leave it on your bond until the shipment crosses into Mexico. Either way your at the mercy of others, and usually have a demand letter against your bond from customs before you get a copy of the actual cleared bond. Too much hassel to justify the rate of having the bond. We canceled our for that reason.
 
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Michael Ludwig said:
One time clearances aren't the same as bonds.
I don't understand 1 truck = 1 bond ???
My U.S. Customs bond covers my entire fleet. Has for years, and still does. Matter of fact, so does my Canada Customs bond.
Minimum fine for "forgetting" to cancel a U.S. Customs bond is $200,000.00 USD, then there is the issue of freight value that gets added.
So, it's pretty easy to see why they don't get loaned or rented very often any more.
Click to expand...

I'm talking about a T&E bond for freight bonded in the US coming into Canada which cancels at the US border before entering into Canada.
if you cut 1 bond you can only use it for 1 truck in this instance.
and yeah not worth renting/loaning.
you're better off to just find something that can do the whole thing and let them handle it for the customer, you'll still be servicing the customer and keeping them happy.
 
Ahhh ... I get what you're saying now. Yes, the T&E bond itself is cut for one truck/one load, however, they all use the same underlying bond number which is the carrier's U.S. Customs bond.
 
yeyeyeye that's what I was saying lol

anyways we just came off one issue that had a pretty bad fine behind it, but we proved all was good and didn't get any fines, so we're "fine" lol
 
CBP is usually pretty good about giving you time to get your ducks in a row so-to-speak, but if you can't, it can get pretty nasty.

Anyways, long story short ... it's a fairly simple process to get your U.S. Customs bond, and it's relatively reasonable to purchase the first time. If you have had a claim on your bond though, I understand it's pretty expensive at renewal. Usually your insurance broker can get you the bond and the filing papers.
 
Call this guy. He does all the leg work for you.
If everything checks out about $1300.00 later you have CDN/USA bonds.
About $700.00 every year to renew them.
He did mine for me a few years back pretty simple process and sends me a renewal email every year
and i just give him my C/C and good to go again for another year..


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