We recently received answers to several outstanding issues related to the bond requirements for the Importer Security Filing. In order for surety providers to complete systems programming, these clarifications by CBP were necessary. While Roanoke Trade's FastBond^TM planning has been underway, enhancements can now be finalized and you will soon be notified of their release.

Continuous ISF Bond

• The minimum required bond amount will be $50,000. The amount of the bond is subject to increase based on the filer's violation history.
• CBP does not require an application for this bond type.
• CBP will allow for co-principals and divisions on the bond.
• The activity code is 16.
• The bond is filed at the Revenue Division. The current email address and phone number will be used for the filing of this bond type.

Single Transaction ISF Bond

• The required bond amount will always be $10,000.
• The activity code is 16.
• A surety bond reference number is required to be transmitted at the time of the security filing. The number format is yet to be determined.
• Once CBP returns the ISF transaction number to the filer, that number must be entered on the bond.
• The bond must be emailed to ISF_Bond@cb p.dhs.gov within 12 hours of receiving the ISF transaction number.

• The bond amount calculation for this single transaction bond will not change; CBP is not requiring a higher bond amount for the ISF obligation.
• The surety bond reference number is required to be transmitted at the time of the security filing.
• Once CBP returns the ISF transaction number to the filer, that number must be entered on the bond.
• The ISF date, execution date and effective date are to be determined.

• The bond amount calculation for any of these activity codes will not change for the security filing requirements.

• The tail of liability is six years, based on statute.
• Practically speaking, any liquidated damage claim is expected within one year.
• The ISF obligation ends when the entry is made, but that does not preclude CBP from assessing liquidated damages if there was a violation.

We appreciate your business, and are doing all that we can to work with CBP to simplify this process. Should you have any questions, please contact your Roanoke Trade representative. You may also contact our marketing group at the email address or phone number below.

Sincerely,