A Customs Bonds, also known as carrier bonds, is an important document that allows imported commercial goods to be transported into the U.S. and Canada. It is essentially a guarantee to the Canadian or U.S. government that any fees, taxes, and duties owed will be paid when asked.
The U.S. and Canada have different regulations when it comes to importing and transporting goods in the country. For trucking carriers that are moving goods between these countries, it’s important to understand the differences between the Customs Bonds and comply with both.