Definition
A continuous bond (also called an annual bond) is a type of customs bond that covers all imports made by a single importer of record over a 12-month period. It renews automatically each year and eliminates the need to purchase a separate bond for each individual shipment. The minimum bond amount is $50,000, with an annual premium typically ranging from $400 to $500.
Why It Matters for Importers
If you import more than two or three times per year, a continuous bond is almost always more cost-effective than purchasing single entry bonds for each shipment. A single entry bond costs approximately $150-$275 per transaction, so the math favors a continuous bond quickly.
Beyond cost savings, a continuous bond simplifies your operations. Your customs broker can file entries immediately without waiting for a new bond to be issued for each shipment. This means faster clearance and fewer delays.
Key Details
- Minimum amount: $50,000 in coverage. CBP may require a higher bond amount based on your import volume and duty payments.
- Annual premium: Typically $400-$500 per year for standard importers. Higher-risk importers (AD/CVD products, high duty rates) may pay more.
- Auto-renewal: Continuous bonds renew automatically each year unless cancelled by the importer or surety.
- Sufficiency reviews: CBP periodically reviews bond amounts and may require an increase if your duties exceed 10% of the bond value.
Understanding which bond type is right for your operation is essential. Read our complete guide to customs bonds.
← Back to Glossary