Avalon Risk Management & You
The NAFTZ has formed an exclusive partnership with Avalon Risk Management to offer NAFTZ members a substantial discount on FTZ operator bonds.
FTZ OPERATOR BONDS
FTZ Operator Bonds guarantee that FTZ Operators will comply with Customs regulations, as set forth in 19 CFR 146 and 113 CR. The minimum bond amount currently required by U.S. Customs is $50,000, but the minimum may be increasing to $100,000. U.S. Customs is currently contemplating a revision in the formula for determining bond amounts as well. Thus, obtaining savings on your FTZ Operator Bonds may become even more important than ever.
Bond Type | Bond Amount | Member Premium | Non-Member Premium |
FTZ Operator | $50,000 | $300 | $450 |
FTZ Operator | $100,000 | $600 | $900 |
FTZ Operator | $200,000 | $975 | $1,800 |
FTZ Operator | $500,000 | $2,100 | $4,500 |
The same reduced premiums also apply for Custodians of Bonded Merchandise (C2 Customs Bonds). We also provide other U.S. Customs Bonds at discounted prices to NAFTZ members, such as Import Bonds, Drawback Bonds, TIB/Carnet Bonds, and Back-to-Back Bonds for Grantees and Operators.
The NAFTZ Bond Program is provided by Avalon Risk Management as Managing Agent for Lincoln General Insurance Company, rated A- by A.M. Best (surety code 458). If your bond is not currently written through Avalon/LGIC under surety code 458, you may not be getting the full NAFTZ discount. Also, the NAFTZ may not be receiving support for your participation in the NAFTZ Bond Program.
For more information or a no-obligation quotation, please contact Wanda Sample at 847/700-8151 or via e-mail at wsample@avalonrisk.com.