What is in-bond arrival? When does it take place, and when is it required to be reported?

What is in-bond arrival? When does it take place, and when is it required to be reported?

In-bonds of type 61 (Immediate Transportation) and 62 (Transportation and Exportation) cover the movement of a shipment through the U.S., beginning at an originating port and ending at a destination port. In-Bond arrival takes place when the shipment reaches the destination port. Arrival of the in-bond must be reported to CBP within 2 business days after it has taken place. For an Immediate Transportation in-bond, this completes the in-bond move and “closes” the in-bond.