SuretyPH

Inquiries and supporting documents submitted through SuretyPH may be referred to the applicable participating insurer for evaluation. Submission does not constitute approval or issuance of a surety bond. Applications are subject to the insurer's requirements, evaluation, underwriting, terms, conditions, and approval.

Bond Product

Customs Bond in the Philippines

Surety undertakings required by the Bureau of Customs for regulated import and transit transactions.

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Overview

Customs bonds secure compliance with customs laws and regulations on transactions such as warehousing, transit, temporary importation, re-export commodity, and release under tentative liquidation.

The required form, amount, and wording are prescribed by the Bureau of Customs for each transaction type.

Purpose

  • Secures payment of duties, taxes, and charges that may become due.
  • Allows release or movement of goods pending final assessment or re-export.
  • Evidences compliance with the conditions attached to a customs privilege.

Who needs this bond

  • Importers and consignees under regulated import regimes
  • Customs brokers filing on behalf of importers
  • Warehouse operators and locators moving goods under bond
  • Companies importing equipment temporarily for a project

Typical requirements

  • Accomplished bond application with obligee and contract details
  • SEC or DTI registration, Articles of Incorporation or business permit
  • BIR Certificate of Registration and latest tax return
  • Audited financial statements for the last two to three years
  • Valid government IDs of signatories and board or partnership authority
  • Copy of the obligee's bond requirement, invitation to bid, or contract
  • Import documents such as bill of lading, invoice, and packing list
  • Bureau of Customs accreditation and the applicable bond form

Final requirements depend on the obligee and the issuing insurance company. See the full requirements guide.

Bond request and insurer process

  1. Step 1

    Submit a bond request

    Open a bond request in your SuretyPH portal and enter the obligee, contract, and bond details.

  2. Step 2

    Upload requirements

    Follow the guided checklist and upload each document securely to your transaction file.

  3. Step 3

    Pre-assessment

    We review the file for completeness and refer it to a participating licensed insurance company.

  4. Step 4

    Insurer evaluation and quotation

    The insurer evaluates the submission and provides a quotation covering premium, fees, and any collateral requirement.

  5. Step 5

    Payment and issuance

    Once the quotation is accepted and the premium settled, the insurer issues the bond for release or delivery.

Frequently asked questions

Which customs bond do I need?

It depends on the transaction. Submit the customs form or requirement so the applicable bond requirement can be identified and referred for appropriate processing.

Are customs bonds renewable?

Several are transaction-specific, while others are posted annually. The Bureau's requirement governs.

Related bonds and guides

Many projects require more than one security. Compare a judicial bond in the Philippines, a performance bond in the Philippines and a bid bond in the Philippines, or browse every Philippine surety bond type to confirm which security your obligee requires.

SuretyPH is a digital platform for surety bond information, inquiries, requirements and request tracking. It does not underwrite, approve, bind, issue, or guarantee any insurance policy or surety bond. Evaluation, underwriting, approval, pricing and issuance are undertaken by the applicable licensed insurance company.