CUSTOMS BOND & CF5106, CAIN
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What is a U.S. Customs Bond?
A Customs bond is a financial guaranty between the Insurance(Surety), the Importer (Principal), and Customs and Border Protection (CBP).
The Customs bond guarantees CBP that if they cannot collect duties due from the importer they can seek remedy, up to the bond amount, from the Insurance(Surety) Company. The Customs bond also indemnifies the Insurance (Surety) Company, allowing them to use any legal means to collect from the Principal any monies that were paid to CBP on the Principal’s behalf.
What is CF5106, CAIN?
CF5106, officially known as CBP Form 5106 (and formerly called the Importer ID Input Record), is the Create/Update Importer Identity Form issued by US CUSTOMS AND BORDER PROTECTION (CBP)
CAIN(Customs Assigned Importer Number)
If you are Foreign importer of record and do not have EIN, SSN
VIP CUSTOMS can submit your business to CBP or apply for CAIN on your behalf!