§113.71. Bond condition to observe neutrality.
19 C.F.R. § 113.71
A bond to observe neutrality must contain the conditions listed in this section and must be a single transaction bond.
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.
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.
Notes, amendments, and revision history
Amendments
[T.D. 84-213, 49 FR 41171, Oct. 19, 1984, as amended by T.D. 88-72, 53 FR 45902, Nov. 15, 1988; CBP Dec. 15-15, 80 FR 70169, Nov. 13, 2015]
Authority
Authority: 19 U.S.C. 66, 1623, 1624. Subpart E also issued under 19 U.S.C. 1484, 1551, 1565. Section 113.74 also issued under 19 U.S.C. 1337. Section 113.75 and appendix C also issued under 19 U.S.C. 1484b.
Source
Source: T.D. 84-213, 49 FR 41171, Oct. 19, 1984, unless otherwise noted.
Amendments
[T.D. 84-213, 49 FR 41171, Oct. 19, 1984, as amended by T.D. 88-72, 53 FR 45902, Nov. 15, 1988; CBP Dec. 15-15, 80 FR 70169, Nov. 13, 2015]