In Bond Shipment Law and Legal Definition
In bond shipment refers to import or export shipment which has not been cleared by customs and is transported, stored, or handled with security to the government provided by indemnity bonds. In the U.S., in-bond shipments have long been an essential part of trade. Generally, in-bond shipments to and within the U.S. are shipments not intended to enter the U.S. commerce. Hence, permits issued for movement of an in bond shipment will be considered as a separate shipment and must be accompanied by bill of lading and shipping order.
