What is in-bond export? When does it take place, and when is it required to be reported?
In-bonds of type 62 (Transportation and Exportation) and 63 (Immediate Export) cover the movement of a shipment that is destined outside of the U.S. Export of the in-bond takes place when the shipment has physically left the U.S., or when the shipment is located where exportation is reasonably assured. For example at a seaport, airport or rail location and under control of the exporting carrier. Export of the in-bond must be reported to CBP within 2 business days after it has taken place. For in-bonds of type Transportation and Exportation and Immediate Export, this completes the in-bond move and “closes” the in-bond. Please note that a Transportation and Exportation in-bond must be arrived prior to being exported.