The Bond is a contract by which the obligations assumed by a person or company in a contract are guaranteed by an insurer, so that in the event of default or insolvency of the original obligor, the insurer enters as guarantor and compensates the loss caused to the affected by non-compliance.
- Payment of Customs Taxes: required by customs authorities to an importer to be able to release the import of goods without prior payment of all corresponding taxes.
- Temporary Internment: required by customs authorities to an importer to be able to temporarily allow an asset to enter the country for a specified period without paying taxes, guaranteeing that it will be re-exported after the end of the period for which it was imported.
- Lack of Original Documents: required by customs to allow liquidating and removing a good at the time of its import without first having the original documents.
- Customs Brokers' Bond: required by law for customs agents to fulfil their obligations as such.
- Environmental Permit Bonds: required by law to certain projects and works. Guarantees that the project will be carried out as approved by the environmental authorities.
- Supply Guarantee Bonds: it is a form of performance bond in which there is no contract as such, but a purchase order and what is guaranteed is the delivery or supply of goods and/or services.
- Bonds of Correct Accountability: usual for public utilities and for fuel distributors. Guarantees the correct surrender and payment of the accounts to the service providers.
