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eBond Overview/Underwriting Jason Wieselman 12/17/14

eBond Overview/Underwriting Jason Wieselman 12/17/14. Bonds As They Exist Today. Continuous Bonds – Indianapolis NFC ISF Bonds – ISF Mailbox DC STBs – Port Level Nationwide Miscellaneous Bonds - Varied. . www.intlbondmarine.com. eBond Overview.

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eBond Overview/Underwriting Jason Wieselman 12/17/14

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  1. eBond Overview/Underwriting Jason Wieselman 12/17/14

  2. Bonds As They Exist Today . Continuous Bonds – Indianapolis NFCISF Bonds – ISF Mailbox DCSTBs – Port Level NationwideMiscellaneous Bonds - Varied • .www.intlbondmarine.com

  3. eBond Overview When did the first eBond discussions take place?A. 1995 B. 2005 C. 1985 • .www.intlbondmarine.com

  4. eBond Overview William Von Raab “Automate or Perish” C. 1985 • .www.intlbondmarine.com

  5. Why now? 1 ACE 2 RESOURCES 3. PEOPLE • .www.intlbondmarine.com

  6. CBP GAINS: 1 –Centralization 2 –Accountability4 – Port Level Uniformity • .www.intlbondmarine.com

  7. UNDERWRITING . 1. The Foundation of Broker/Surety relationship is built on trust.2. We are in the business of writing bonds, not rejecting them.3. 95-99% of bonds will flow through • .www.intlbondmarine.com

  8. Continuous Bonds . 1. Commodity2. Country of Origin3. Penalty Amount4. Financial Stability • .www.intlbondmarine.com

  9. ISF STBS . 1. Still looking for Timeliness & Accuracy2. ISF Penalty Enforcement on the Horizon again for May3. Process Remains the Same (Elimination of paper bond copy) • .www.intlbondmarine.com

  10. Single Transaction Bonds . 1. Penalty Amount2. HTS # 3. OGA’s4. AD/CVD • .www.intlbondmarine.com

  11. CBP eBond Page is Live . http://www.cbp.gov/trade/trade-community/programs-administration/bonds/ebond/GO THERE! • .www.intlbondmarine.com

  12. THANK YOU! . • .www.intlbondmarine.com

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