We are the voice for sureties and surety agents who write the vast majority of bonds which secure federal government obligations in connection with international trade. We strive to educate the international trade community and the various government agencies for whom we write surety bonds through collaboration and education to promote the value and use of surety bonds. We endeavor to secure consistent, fair and efficient administration of the laws and regulations which impact transportation intermediaries, importers, and exporters. ITSA is comprised of sureties and surety agents whose primary surety products are:
- Customs bonds filed with U.S. Customs and Border Protection (CBP) to secure import-related legal and regulatory obligations, including but not limited to the payment of duties, taxes, and fees collected by CBP.
- Ocean transportation intermediary (OTI) bonds as required by the Federal Maritime Commission (FMC) in connection with the licensing of ocean freight forwarders and non-vessel-operating common carriers.
- Carnets and carnet bonds as required by the United States Council for International Business.
- Property broker and surface freight forwarder bonds as required by the Federal Motor Carrier Safety Administration (FMCSA) in connection with the licensing of such entities.
Regular ITSA membership is limited to companies that primarily distribute bonds and carnets through licensed customs brokers. Associate membership is available to persons, firms or corporations engaged in a business related directly or indirectly to international trade or transportation whose interests and priorities are sufficiently aligned with those of ITSA’s regular members.
ITSA members are the foremost providers of U.S. customs bonds. ITSA is a member of the Customs/Surety Executive Committee established by CBP in 2001.