On February 20, Florida Customs Brokers & Forwarders Association (FCBF) hosted an In-Bond Seminar in conjunction with U.S. Customs & Border Protection (CBP). After the focused training session, CBP representatives said that the In-Bond Export Consolidator (IBEC) Type 14 bond used by many in the Miami area to consolidate in-bond shipments is out-dated and would soon be phased out.

Many IBECs already have other bonds that would cover the cargo flow in and out of their facilities such as Bonded Warehouse, CFS, and FTZ bonds. CBP is already working to convert IBECs to CFSs and will coordinate with FCBF so that all stakeholders are well updated.

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