Duty and customs security
Customs bonds
Case-by-case support for customs, duty and import obligations where the product and issuer are permitted by local law.
Submit this type of riskCustoms authorities may require security for duties, taxes or compliance obligations connected with importation, temporary admission, bonded warehousing or transit. The required instrument, issuer eligibility and wording are jurisdiction-specific and often prescribed by law or administrative rules.
Titanium only considers customs opportunities where a compliant local route is confirmed. Underwriting assesses the applicant's trade flows, compliance record, duty exposure, controls and the authority's demand and cancellation mechanics.
Typical uses
Where it can apply.
- Import duty and tax security
- Temporary admission of equipment
- Bonded warehouse obligations
- Transit and customs-compliance arrangements
Underwriting focus
What drives the decision.
- Local legal requirements and acceptable issuer status
- Historic import volumes and peak duty exposure
- Customs compliance, disputes and internal controls
- Cancellation, run-off and authority release procedures
Initial submission
Information that moves the review forward.
A complete pack reduces assumptions and allows legal structure, wording and credit to be considered together.
- 01
Authority requirement and prescribed form
- 02
Historic and forecast import or duty data
- 03
Customs broker and compliance information
- 04
Financial statements and current management accounts
- 05
Details of disputes, penalties or prior calls
- 06
Required limit, territory and intended duration
Important considerations
Structure remains case specific.
- Direct Cayman issuance may not be recognised by the local authority.
- Exposure can continue until formal authority release.
- Local carrier, collateral and wording requirements vary materially.
Common questions
Clear answers before submission.
Can Titanium issue a customs bond in any country?
No. Issuance depends on local law and authority rules. Where there is appetite, participation may require a locally authorised issuing insurer and an approved insurance or reinsurance structure.
When does customs bond exposure end?
That depends on the bond and local procedure. Expiry alone may not discharge historic obligations, so formal release and run-off provisions are important.
Discuss an opportunity
Discuss a customs bonds opportunity.
Our review starts with the underlying obligation, the applicant and the legally compliant route to issuance.
Submit a risk