AIRPORT CUSTOMS SECURITY AREA BOND
______(name of principal) of ______(address) and ______(name of surety) of ______(address) are held and firmly bound unto the United States of America in the sum of ____dollars ($____), for the payment of which we bind ourselves, our heirs, executors, administrators, successors, and assigns, jointly and severally, by these conditions.
WITNESS our hands and seals this ____day of ____, 20____. WHEREAS, the principal (including the principal's employees, agents, and contractors) desires access to airport customs security areas;
Now, Therefore, the Condition of this Obligation is Such That—
The principal agrees to comply with the CBP regulations applicable to customs security areas at airports. If the principal defaults on the condition of this obligation, the principal and surety, jointly and severally, agree to pay liquidated damages of $1,000 for each default; or such other amount as may be authorized by law or regulation. This bond is effective ______, 20____, and remains in force for one year beginning with the effective date and for each succeeding annual period, or until terminated. This bond constitutes a separate bond for each annual period in the amount listed above for liabilities that accrue in each annual period.
Signed, Sealed, and Delivered in the Presence of —
Name
Address
Name
Address
Principal (SEAL)
Name
Address
Name
Address
Name
Address
Surety (SEAL)
Name
Address
[CBP Dec. 15-15, 80 FR 70169, Nov. 13, 2015]