Bonding has emerged as a critical focus in the current tariff environment. Now, many importers are faced with the need to bond goods that were previously duty-free. Other impacts from these changes include increased duty payments, new compliance requirements, increased risk, and potential operational challenges.
IB&M has the capacity to place bonds approaching $1 billion combined with deep expertise to execute high-limit quotes and manage complex collateral with flexibility. IB&M is the best positioned to help you and your clients.
For nearly 40 years, IB&M has been a leader in financial underwriting for Customs bonds. We have the expertise, cutting-edge technology, and bond capacity to offer innovative solutions to navigate the challenges ahead.
Our customers can feel confident knowing that our team will work directly with trade partners to secure the appropriate bond amounts and avoid stacking. This is achieved using liquidation data we've gathered from CBP and ongoing trend analysis.
Your client’s needs are changing – and fast. Does your current bond provider have the capacity to support the evolving bond limits they need?
Whether it's an ADD/CVD exposure or high-limits, IB&M takes a balanced approach to underwriting. We consider key factors such as financial strength, a history of liquidations, payment reliability, and compliance habits to quickly deliver options that far exceed what’s typically available in the industry. We're ready to put our capital behind our brokerage partners. To best equip your clients, here are some best practices:
• Make bond limit changes as the bond approaches its renewal date. Be proactive and take time to properly forecast the next 12 months, considering any potential new tariffs on top of existing duty rates. This will help avoid unnecessary stacking of liability, saving your clients money.
• Run a model to identify the highest rolling 12-month period in the new forecast. This allows you to determine the minimum required bond amount for the upcoming year.
• Be sure key stakeholders in the Supply Chain are involved in the decision-making process. Whether its tariff engineering or sourcing country changes, all can impact duty obligation and resulting bond amount. Remain in constant communication with your clients to keep them informed, especially in the current environment where changes are happening fast. Anticipate needs and be ready with solutions. IB&M can help you provide strategic advice to your clients at every stage of the relationship.
Thank you for your continued trust in IB&M. We are ready to support you today and every day on your US and Canada Customs bond needs. Please reach out to your local underwriter for assistance at bond@intlbondmarine.com.