[Code of Federal Regulations]

[Title 19, Volume 1]

[Revised as of April 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 19CFR113.71]



[Page 560]

 

                        TITLE 19--CUSTOMS DUTIES

 

   CHAPTER I--BUREAU OF CUSTOMS AND BORDER PROTECTION, DEPARTMENT OF 

              HOMELAND SECURITY; DEPARTMENT OF THE TREASURY

 

PART 113_CUSTOMS BONDS--Table of Contents

 

                    Subpart G_Customs Bond Conditions

 

Sec.  113.71  Bond condition to observe neutrality.



    A bond to observe neutrality shall contain the conditions listed in 

this section and shall be a single entry bond.



                  Bond Condition To Observe Neutrality



    (a) If clearance is granted to the principal's vessel, which is 

armed or is built for a war-like purpose, with a cargo of arms and 

munitions, so that it is likely to be used to commit hostilities against 

people or countries with whom the Government of the United States is at 

peace, the principal guarantees that the vessel will not be used to 

commit hostilities against any country, state, colony, or people with 

whom the Government is at peace.

    (b) If the principal defaults, the obligors (principal and surety, 

jointly and severally) agree to pay liquidated damages equal to twice 

the value of the vessel and cargo.



[T.D. 84-213, 49 FR 41171, Oct. 19, 1984, as amended by T.D. 88-72, 53 

FR 45902, Nov. 15, 1988]