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U.S Customs and Border Protection has extended until further notice its test concerning the automation of its bond program, which has run continuously since Jan. 3, 2015. This extension is intended to encourage greater participation in the test and thereby provide data needed to assess the feasibility of implementing the test on a permanent basis. Comments concerning any aspect of the test may be submitted at any time.
The eBond test utilizes an automated system that provides for the transmission of electronic bond contracts between principals and sureties, with CBP as third-party beneficiary, in the Automated Commercial Environment for the purpose of linking those eBonds to the transactions they are intended to secure. All eBonds transmitted pursuant to this test must be transmitted by a surety or surety agent to ACE electronically via the CBP-approved electronic data interchange.
The eBond system works with ACE to ensure that transactions secured by an eBond have the proper bond coverage to protect the revenue and secure legal compliance. The system is intended to establish a single repository for the centralization of all eBonds within the Office of Administration’s Revenue Division, harmonize and enhance CBP’s bond processes, and eliminate flaws in the execution of customs bonds that may lead to increased legal risk for CBP. It is anticipated that the eBond test will reduce paper processing, expedite cargo release, allow for bonds to be transmitted beyond regular CBP business hours, and enhance traceability for audit purposes.
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