Topics /
In-bond movements and carnets
Who is liable when merchandise moving in bond goes missing, and the limits on carnet guarantors.
Governing text: 19 CFR § 18.8
Rules to know
- The party whose bond is obligated on the transportation entry is liable.
- Liability for duties on missing merchandise is not capped at the bond amount.
- A TIR carnet guarantor's liability is limited to $50,000 per carnet.
Free sample questions
Merchandise moving in bond arrives short at the port of destination. Who is liable?19 CFR 18.8(a)
Except for barge movements, in-bond merchandise must be delivered to CBP at the port of destination or exportation within:19 CFR 18.1(i)(1)
Under a transportation and exportation entry, the entire shipment must be exported within how long after the last portion arrives at the port of exportation?19 CFR 18.7(a)(2)
43 questions on this topic
Subscribers can drill this topic on its own. Free accounts get a mixed set of questions every day.