Continuous CBP (U.S. Customs) bonds remain in force from the effective date until terminated.

The importer remains responsible for all financial obligation regardless of the bond limit.

The bond limit is only maximum limit of obligation for the surety for each bond year (or partial therein). The bond does constitute a “separate” bond limit for each period of one year beginning with the original effective date. Thus, the liability to the surety is “stacked” each year.

Example: $50,000 bond effective 1/1/19.

For entries from 1/1/19 till 12/31/19, a $50,000 bond limit of liability applies.

For entries from 1/1/20 till 12/31/20, a separate $50,000 bond limit applies.

Thus, the surety has a total potential liability of $100,000 for this example.

Therefore, the surety has total liability of the stacked-bonds’ limits for the number of years the bond is in force which influences underwriting of the bond.