Why Is Hiring A Licensed Broker Important For Importers?


Whether you’re going to import plastic bottles to resell them at bulk prices or wishing to import special appliances, you’re always encouraged to hire a customs broker for importation. It becomes vital especially when you’re just starting out and don’t know much about freight clearance.
CBI Customs & Insurance INC. has been in business for over 38 years and providing trade-related solutions to brokers and freight forwarders. While our main focus is always to preserve the importance of customs brokers, we strive to provide customs bond and other services at the best prices in the US.

CBI Customs & Insurance INC. has been in business for over 38 years and providing trade-related solutions to brokers and freight forwarders.

I’m sharing this piece of information because I think it’s too important to miss. There are several advantages for importers who work with experienced brokers instead of filing their customs surety bond alone. CBI’s priority is always to impart valuable knowledge to customers so that they don’t have to struggle while importing merchandise from abroad and stay up-to-date with information.

Importance of Hiring Customs Brokers

Customs bond can be daunting for any new importer in the business. There are so many regulations and responsibilities enforced by the federal government that need to adhere in order to navigate international trading safely. Without competent knowledge and experience in the process, you might have to deal with heavy penalties and other issues.
When importers hire licensed brokers, they reduce a load of paperwork and documents entail in obtaining a continuous customs bond. They can assist them in the process and make it feasible.

Compliance

Customs brokers are licensed individuals, associations, agencies, or partnerships empowered by the US Customs and Border Protection (CBP). They consistently monitor new releases and regulations of the CBP and other relevant agencies to stay updated. They can be registered with one of the trade compliance organizations such as National Customs Brokers & Forwards Association of America (NCBFAA).
Brokers avoid mistakes by filing the entry on behalf of the importer and help your goods to stay compliant with all state requirements. They help in classifying the import products in the commercial invoice of importer so that the duties and taxes can be determined accurately. While applying for a continuous customs bond or single entry bond, importers have to fill information such as their name, company name, business address, contact details, Employer Identification Number (EIN), product details, product value, etc. A surety company can become the power of attorney to file entry on behalf of the importer.

Avoid Mistakes

Mistakes in the filing may impose heavy penalties and fines on importers. Hiring broker can reduce the chances of mistakes significantly. They assess all documents thoroughly to ensure they are in compliance with regulatory requirements.

Personalized Advice

This is the most valuable reason for hiring customs brokers. They advise their clients in particular needs and ensure the entire customs clearance process go smoothly. They act as a liaison between the importer and the customs; inform about specific laws & regulations related to each item, and help in reducing unnecessary costs.
CBI acts as managing general agents for an “A” rated insurance carrier licensed in all 50 states. We help you with CBI has the technical expertise to be your one-stop-shop, whether for Customs Surety Bond, cargo insurance, OTI bonds, Carnet bonds, or any other trade-related services.
Contact CBI Customs & Insurance INC.

Location: 1632 Crosswinds Ave, North Myrtle Beach, SC 29582, USA

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