THE AIRPORT SECURITY BOND
Airport Security Bond – Who needs this Customs bond?
· The Airport Security Bond is Activity Code 11 onthe CF301 bond form. This common bond isneeded by businesses and people needing access to secured areas within any USairport. Think about the various restaurants, retail stores and contractorsthat work inside an airport. All needpermission to access the secured areas.
· The Airport Security Bond is required by Customsto ensure the businesses and individuals operating within the secured areas ofa US airport follow the various rules and regulations. Claims, including fines and penalties will beissued for anyone’s failure to follow these rules and regulations. Avoid additional expense from these commonviolations:
o Unauthorizedindividuals in secured areas. Ensure allpersonnel have proper Identification Cards, openly displayed when enteringsecured areas.
o Failureto report loss or theft of Identification Card. Timely report loss or theft of ID cards to the Port Director. Similarly,be sure to return an ID card to the Port Director for any individuals no longeremployed or needing access to secured areas.
The bond amount must be approved by Customs, however it istypically $25,000. Please contact yourIB&M representative if you or your client need the Customs Airport Securitybond or have any questions.