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As a client of International Bond & Marine, you will have access to a
powerful, new business tool: The Management Surety Bond Analysis
Report - generally referred to by its acronym - MSBAR.
The U.S. Customs Service supplies information to participating Sureties on a weekly
basis regarding the status of entries on which Sureties appear as a third party
guarantor. Information contained in these reports will allow you, as a Custom House
Broker, to provide your clients with a comprehensive overview of their nationwide
import activity:
The MSBAR Report is comprised of five different parts:
Section 1 - Unliquidated Entries
Section 2 - Liquidated Entries
Section 3 - Entries Scheduled to Liquidate
Section 4 - Additional Duty Bill Report
Section 5 - Other Bills, including Fines, Penalties & Forfeitures
(Hopefully, the only reports that will appear for the majority of your importers
are Sections 1, 2, and 3.)
For underwriting purposes, IB&M automatically generates these reports for all
continuous bond renewals. These reports can be mailed together with your monthly
renewal invoices upon request. They can also be accesssed at any time via our website
MSBAR data can be obtained by importer number or importer name. However, it is only
available to those principals utilizing International Fidelity Insurance Company.
The up-to-date information contained in these reports is a valuable reference guide
and sales tool. For example:
• Closely follow your importer's entries to make sure you are getting their business
in all ports.
• As an important value-added service, make this report a part of your marketing
package to the importer!
• Keep a closer eye on those problem importers who are continually creating more
work for your staff
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