Practice Test Geeks(CBLE) Customs Broker License Exam Practice Test
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CBLE Bonds and Surety Requirements Flashcards

6 cards from real CBLE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

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  1. A licensed customs broker must maintain a bond with CBP in what minimum amount?

    Answer: $50,000

    Under 19 CFR Part 111, a licensed customs broker is required to maintain a $50,000 continuous bond as a condition of licensure.

  2. Under what authority does CBP require importers to post a bond?

    Answer: 19 U.S.C. § 1623

    19 U.S.C. § 1623 grants CBP the authority to require bonds to secure compliance with customs laws and payment of duties.

  3. What is an 'in-bond' shipment?

    Answer: Goods moving through U.S. customs territory without formal entry under a bond

    An in-bond shipment moves through U.S. customs territory under a transportation and exportation or immediate transportation bond without paying duties at the point of arrival.

  4. If an importer cannot pay duties owed, what recourse does CBP have against the surety?

    Answer: CBP can demand payment from the surety up to the bond amount

    The surety is jointly and severally liable with the principal up to the bond amount, so CBP can demand payment from the surety if the principal defaults.

  5. Which type of bond covers multiple entries over a 12-month period?

    Answer: Continuous bond

    A continuous bond remains in force for a 12-month period (renewable annually) and covers all entries made by the principal during that period.

  6. What is the consequence if a customs broker's bond is insufficient to cover a claim?

    Answer: The broker is personally liable for the amount exceeding the bond

    The bond limits the surety's liability, but the broker as principal remains personally liable for any amounts owed that exceed the bond coverage.