SURETIES & GUARANTEES
Customs Bond
A contractual assurance that ensures the fulfillment of specific obligations in import transactions between customs and an importer. Its primary function is to guarantee the prompt payment of import duties and taxes, adding a layer of financial security and compliance to the importation process.
APPLICATION
01
Additional Information
01
Enhanced Coverage
01
Documents Required
Offer Letter / Notice of Expiry
Latest ACRA Bizfile (within 3 months)
Latest Audited Financials
Bond Format
02
Applicable To
Bonded Warehouse Operators
03
Case Study
ABC Warehousing is involved in the Bonded Warehouse business. The average duties on the goods they hold is $5 million a year. The Singapore Customs require them to put up a $5 million guarantee to ensure all duties will be paid. ABC Warehousing buys a Customs Bond to place with Singapore Customs.
You can always Whatsapp our customer service officers to attend to your insurance needs.
OTHER CATEGORIES
Why AWG?
"A preferred partner to your insurance needs"
We're a preferred insurance provider, committed to delivering peace of mind through tailored solutions, exceptional service, and deep industry knowledge. Trust us to safeguard what matters most to you.