What is meant by shipping a commodity in-bond is the product is moving within the United States borders, but has not yet been cleared through the US Customs processes to officially enter the US government authority to be consumed by citizens or companies domiciled in the US.
Customs Form 7512 allows for the transport of goods within the US, although subject to inspection and permit. The form is used by the US Customs and Border Patrol (CBP) to identify the product being transported within its borders and what country it came from.
There is not a one size fits all bond, meaning the bond that is required for a person or business to post depends on the total value of the product being imported, plus other details about the entity holding the bond.
For more details on shipping in-bond, it is important to connect with the CBP and find a reputable US Customs Broker to help you through the process.
Other articles of interest: