This is something i came along in my inbox, forgot that I had it.
SUBJECT: International Carrier Bonds Amendment
In a memorandum dated June 25, 2002, you were advised of the minimum continuous bond amount for international carriers. The following guidelines are to further clarify the international carrier bonding requirements.
1. For all commercial aircraft with 14 or more seats, including crew seats, the minimum continuous bond amount is $75,000.
2. For all commercial aircraft with less than 14 seats, the following applies:
A. $5,000 for each seat including crew seats plus $5,000 for the aircraft.
B. Customs will not accept a continuous international carrier bond for less than $25,000.
Example 1. An aircraft has a total of 10 seats including crew seats. The bond amount is computed as follows:
$5,000 per seat x 10 seats + $5,000 for the aircraft = $55,000 minimum continuous bond.
Example 2. An aircraft has 4 or less seats; the minimum continuous bond amount is $25,000.
Port Directors are cautioned that these are minimum continuous bond amounts only. The prior history of the principal in compliance issues should be used to justify increases above the minimum bond amounts.
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Questions on the calculation of bond amounts may be addressed to the Entry and Drawback Management Branch at (202) 927-0390.