What can a bond rider change, and how long before use must it be submitted?

A bond rider is an amendment or addition to an existing bond that can modify certain terms without the need to create a new bond entirely. This tool is particularly significant in the customs bond context, where changes might be necessary to reflect current business practices or legal requirements.

The key feature of a bond rider is that it can change the importer's name on the bond. This is crucial because it allows the bond to remain valid and applicable to a new or different entity without starting the bonding process from scratch. By providing a streamlined approach for changing the name, the bond rider ensures that the bond can continue to facilitate customs activities without interruption.

Regarding timing, the requirement to submit the bond rider 60 days prior to its intended use ensures that Customs and Border Protection (CBP) has adequate time to process the change, review documentation, and make any necessary adjustments. This advance notice helps maintain compliance with regulatory standards and smooth continuity in the importing process.

The other options focus on different aspects of bonds that do not typically relate to what a bond rider can change. For example, changing the type of bond or the bond duration typically requires more process than simply submitting a rider, often needing new bonds altogether or significant adjustments that cannot be captured through a rider.