19 USC 1551 – Bonding of carriers
Under such regulations and subject to such terms and conditions as the Secretary of the Treasury shall prescribe—
(1) any common carrier of merchandise owning or operating a railroad, steamship, or other transportation line or route for the transportation of merchandise in the United States,
(2) any contract carrier authorized to operate as such by any agency of the United States, and
(3) any freight forwarder authorized to operate as such by any agency of the United States,
upon application, may, in the discretion of the Secretary, be designated as a carrier of bonded merchandise for the final release of which from customs custody a permit has not been issued. A private carrier, upon application, may, in the discretion of the Secretary, be designated under the preceding sentence as a carrier of bonded merchandise, subject to such regulations and, in the case of each applicant, to such special terms and conditions as the Secretary may prescribe to safeguard the revenues of the United States with respect to the transportation of bonded merchandise by such applicant.
Terms Used In 19 USC 1551
- Contract: A legal written agreement that becomes binding when signed.
- merchandise: means goods, wares, and chattels of every description, and includes merchandise the importation of which is prohibited, and monetary instruments as defined in section 5312 of title 31. See 19 USC 1401
- Secretary: means the Secretary of the Treasury or his delegate. See 19 USC 1401
- United States: includes all Territories and possessions of the United States except the Virgin Islands, American Samoa, Wake Island, Midway Islands, Kingman Reef, Johnston Island, and the island of Guam. See 19 USC 1401