Understanding the intricacies of international trade and customs regulations often involves grappling with various forms and documents, one of which is the CB3 form. This particular document is a crucial component within the East African Community for the warehousing of goods or the removal of warehoused goods. Essentially, it serves as a bond, a financial assurance to the Commissioner of Customs, that stipulates the obligations of the parties involved. The form binds the signatories—both individually and collectively—to cover any duties or charges stipulated by the Commissioner for the goods in question. The commitment covers not just the immediate parties but also their heirs, executors, administrators, and assigns, thereby ensuring that the obligations are met irrespective of circumstances. The document comes into play when goods are entered for warehousing or removed from a bonded warehouse, outlining conditions that must be satisfied for the bond to be considered fulfilled. These conditions typically include the timely and unaltered transfer of goods to a designated bonded warehouse, emphasizing the importance of maintaining the stated quantity and quality of goods, barring acceptable explanations for any discrepancies. Failure to meet these conditions renders the bond active, maintaining its force, whereas compliance results in the nullification of the bond’s conditions. Given its role in facilitating international trade by ensuring compliance with customs regulations, the CB3 form is a critical document for traders, logistics providers, and regulatory bodies within the East African Community.
| Question | Answer |
|---|---|
| Form Name | Form Cb3 |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | CB3 BOND_FOR_THE_WA REHOUSING_OF_GO ODS_OR_REMOVAL_ OF_WAREHOUSED_G OODS form cb3 |
|
FORM CB3 |
EAST AFRICAN COMMUNITY |
CUSTOMS |
BOND FOR THE WAREHOUSING OF GOODS OR REMOVAL OF WAREHOUSED
GOODS.
I/We ……………………………………………………… of………………………….
and…………………………………………………………of………………………….
hereby acknowledge that I am/we are bound to the Commissioner in the sum of
……………………………………dollars to be paid to the Commissioner for which payment
I/We bind myself/ourselves jointly and severally for and also to my/our heirs, executors, administrators and assigns and every of them firmly by these presents.
Dated this……………………day of…………….……..……20………..
WHEREAS the above named……………………………………………………………………..
has/have entered the
………………………………………………………………………………………………………
……………………………………………………………………………………………….……..
forwarehousing/forremovalfrombondedwarehouse No………..at………………..……………
for
Now the condition of this obligation is such that if those goods and every part thereof shall
be delivered into the custody of the person
within………….. days from the date hereof, and if no alteration or diminution in quantity or
quality (except as shall be accounted for to the satisfaction of the Commissioner of Customs) shall take place in the goods or in the packages in which they have been
delivered, from the time of delivery to………………………………………….under this
obligation, until the delivery thereof into the custody of the warehouse keeper of bonded warehouse No…………then this obligation shall be void, but otherwise shall be and remain
in force.
Signed sealed and delivered by
the above named……………………………
in the presence of ……..……………(designation)
of……………………………………………..
Signed sealed and delivered by
the above named………………………………
in the presence of ……….…..……(designation)
of……………………………………………..
Approved:………………………….
Commissioner of Customs