Bonded carriers can bring a load of goods past the port of entry into Canada to an authorized location without customs release. They can do this because they were required to post financial security for $5000 to $25,000 with the Canada Border Services Agency (CBSA).
In-bond shipments are freight that is not released at the border. The freight is instead moved inland by a bonded carrier to obtain release by CBSA or to simply move through Canada to another country of import.
Before Trans BC Freightways provides a bond for a truck driver, driver must undergo a strict background check. The company that performs the background check uses the driver’s personal information, including driver's name, address, Social Security number and date of birth, to determine whether the driver has any negative marks on driver's record that may prevent him from being bonded. For instance, a felony on the driver’s record or several traffic tickets may disqualify the driver.
Drivers often haul valuable loads for customers. This may include vehicles, jewelry or even money. Additionally, some companies, including government contractors, require truck drivers hauling their goods to be bonded. Being bonded helps strengthen both the driver’s and the freight company’s position by ensuring the obligations are completed.
Copyright 2023 TBC (TRANS BC FREIGHTWAYS LTD.)