October 2020 (PM) — Question 36
Which of the following statements regarding bonds is TRUE:
- AContinuous bonds may not be filed any earlier than 30 days prior to the requested effective date.
- BA single transaction bond is effective on the date the shipment leaves the foreign port.
- CIf a bond is terminated, new transactions may still be charged against the bond.
- DA bond rider must be filed at the port where the entry is filed.
- EWith regard to Import Security Filing bonds, the principal and surety agree to pay liquidated damages of $5,000.00 per violation✓ CBP's answer
CBP's cited authority
§ 19 CFR § 113.63(g)§ 19 CFR § 113.26(a)§ 19 CFR § 113.26(b)§ 19 CFR § 113.27(c)§ 19 CFR § 113.24(b)
Answer and citations as published in CBP's official answer key for the October 2020 (PM) examination.
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