Bonds protect buyers and sellers alike in business involving imported goods. If you are considering one for your dealings, you will quickly see that you can choose between a single-use or continual-use bond. Each of these has its own benefits, but if you are conducting business regularly or planning to expand your operations, a continuous customs bond is likely to be the best option for your situation. Read on to learn whether or not it is the best option for your needs.
Are You a Good Candidate for a Continuous Bond?
The primary benefit of a single-use bond is that it is considerably more affordable than its counterpart. A continuous customs bond is ideal, however, if you fit the following criteria:
- You plan to make or receive more than one shipment
- You use multiple ports of entry
- You plan to do business throughout the year
Reap the Benefits of a Continuous Bond
These are just a few of the reasons many merchants opt for a continuous bond rather than a single-use one. It is great option for making your business safer and more secure. With the freedom to use it throughout the year, you don’t need to worry about getting your money’s worth out of the investment you make in the bond.