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RETENTION MONTHS GUARANTEE BOND is made as a deed BETWEEN the following parties whose names and registered office addresses are set out in the schedule to this Bond (the “Schedule “):(1) (2) (3)The
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ABI retention bond wording refers to the specific language and structure used in an ABI (Automatic Broker Interface) retention bond. This wording outlines the obligations and guarantees made by the bond issuer regarding compliance with customs regulations.
Agents, importers, or exporters who wish to use the ABI system and are seeking to obtain a bond to ensure their compliance with customs requirements are required to file ABI retention bond wording.
To fill out ABI retention bond wording, one should follow specific guidelines that include entering the principal's information, bond amount, and the obligations of the surety. It is recommended to consult with a customs broker or legal expert for accurate completion.
The purpose of ABI retention bond wording is to ensure that customs duties and penalties are covered and that importers comply with U.S. customs laws, providing security for the government against financial losses.
The ABI retention bond wording must report information including the bond type, principal's name and address, bond amount, effective date, and any specific conditions or obligations of the bond.
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