Insurance and bonds. We can help.

Cargo insurance is a type of coverage that protects your goods while they are being transported, whether by sea, air, or land. It safeguards your shipments against risks like theft, damage, or loss during transit.

Yes, if you’re shipping goods, Cargo Insurance is highly recommended. It protects you from unexpected events like accidents, weather damage, or theft, ensuring that you are financially protected in case something goes wrong during the shipping process.

The cost of cargo insurance depends on factors such as the value of your goods, the shipping method, the destination, and the level of coverage you need. Our team can provide you with a custom quote based on your shipment details.

Cargo insurance generally covers:

🔹 Loss or damage from accidents, weather, or natural disasters
🔹 Theft or hijacking
🔹 Damage during loading, unloading, or transshipment

A Customs Bond is a financial guarantee required by U.S. Customs and Border Protection (CBP) to ensure that all duties, taxes, and fees related to importing goods are paid. It also guarantees compliance with U.S. import regulations.

Yes, if you are importing goods into the U.S., a Customs Bond is typically required. It’s a necessary step to ensure that your goods can clear customs smoothly without delays or fines.

We offer several types of Customs Bonds:

🔹 Continuous Bonds: For frequent importers, covering all imports for one year.
🔹 Single Transaction Bonds: For occasional shipments, covering just one transaction.

The cost of a Customs Bond varies based on the bond type, the value of the goods being imported, and your business’s financial profile. A Continuous Customs Bond typically starts at $50,000, but the premium (the cost to purchase the bond) is usually a small percentage of the bond amount.

A Continuous Bond is valid for one year and needs to be renewed annually. A Single Transaction Bond is only valid for a single shipment.

If you don’t have a Customs Bond, your goods may be delayed at customs, and you could face fines or penalties for non-compliance with U.S. import regulations. A customs bond ensures your goods can be cleared quickly and efficiently.

A CARM RPP Bond is a financial guarantee required by the Canada Border Services Agency (CBSA) for importers who want to use the Release Prior to Payment (RPP) program. It ensures that any unpaid duties, taxes, or penalties are covered, allowing you to release goods before paying these fees.

If you want to participate in the RPP program, a CARM RPP Bond is mandatory. It ensures compliance with Canadian customs regulations and provides a guarantee that the CBSA will receive payment for any outstanding duties and taxes.

The cost of the bond depends on factors such as the volume of your imports and the potential duties and taxes owed. We’ll work with you to determine the optimal bond amount based on your specific needs.

The process is typically fast, often taking just a few days, depending on the complexity of your needs. We work efficiently to get your bond in place so you can start benefiting from the RPP program without delay.