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Transportation In Bond. Immediate Transportation Entries in international shipping
In international shipping, IT - Immediate Transportation allows to move internationally shipping goods from the port of entry to another port (recipient's warehouse) without actual filing entry and paying duty and taxes or examination.
Unless exempted, in international shipping merchandise transported in bond must be sealed under customs supervision with the highly security red in bond Customs seal, if incapable to be sealed, sealing may be waived under certain circumstances (part 18.4).
CF 7512 shall be given IMMEDIATELY to the lading inspector on the customs in bond document covering the internationally shipping merchandise. It must be prepared by the carrier or shipper AND MUST BE SIGNED BY THE CARRIER and must indicate the quantity delivered for transportation in bond.
When international shipping cargo reached its final destination carriers has ONLY 2 (TWO) WORKING DAYS TO PRESENT TO U.S. CUSTOMS (the Port Director) THE IN BOND MANIFEST AND RELATED CF 7512 TO FILE ENTRY 7501. (If merchandise in bond is moved by a privet carrier, a commercial invoice must also be presented to the Port Director.)
Internationally shipping merchandise transported in bond can be diverted (see Part 18.5). Merchandise CAN BE SPLIT ONLY BY THE COMPLETION OF THE ORIGINAL TRANSACTION. A new IT for the portion forwarded is then required. A TIR Carnet cannot be split.
Different ITs (CF 5512) uses:
EVERY TRANSPORTATION IN BOND REQUIRES BONDED CARRIER.
IMPORTANT!: The FIRST international shipping carrier is liable for the international shipment. I.e. if during a bonded transportation carriers will change, then the first carrier is still liable for the entire shipment. IF YOU HAVE MULTIPLE CARRIERS THEN THE BEST TO DO MULTIPLE IT. In this case international carrier's liability on international shipping changes from one carrier to another.
IT can be filed BY ANYONE WITH INTEREST. No power of attorney is required. I.e. it can be filed by a carrier, trucker, FF, Customs Broker etc. BUT IT MUST BE KEPT IN BOND.
Since IT is filed, the first carrier has 5 (FIVE) working days to move goods. After those 5 days the IT automatically canceled.
You can move goods as many times as you like (for each place must be filed a separate IT). However, goods MUST REACH THE FINAL DESTINATION WITHIN:
Explosive and prohibited goods in international shipping are not allowed for IT unless approved by an appropriate agency.
Baggage In Bond in international shipping (not too often in the real life): Used when a salesman carries a high value baggage. The baggage moves separately from the passenger. All items sealed and marked by red tags, which indicate it is under customs. Do not open.
Penalties in international shipping imposed as liquidated damages under the carrier's bond for shortage, failure to deliver or irregular delivery:
In addition to the penalties listed above, in international shipping, the carrier must pay Internal Revenue taxes and other costs incurred on international shipments.
 
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