CARM / Bonds for Importing or RAISE Bond:

Q. What is the significance of this? Do I need to use this? What is its relation to CARM?

All importers from R2 onwards need their own bond to clear shipments. RAISE is facilitating the purchase of the bonds by the brokers on behalf of their importers.

To register follow the below instructions:

Contact Raise UW from the below link:

https://raiseunderwriting.com/contact/

Onboarding Steps to the Bond Procurement Screen:

1. Non Disclosure Agreement: Begin by signing a non disclosure agreement with RAISE and the insurance broker. This initial step ensures the confidentiality of the information shared and discussed throughout the onboarding process and beyond.

2. Application Submission: Complete and submit the application package, which includes a comprehensive questionnaire detailing your business operations and a list of your importer clients, which CANdata can assist in providing.

Below is the "CARM Bond RAISE importer Data" report you can get from the Customs report section.

It can be accessed from the Menu:

Reports >> Custom Reports >> CARM Bond RAISE importer Data.

Below is the screenshot for reference:

3. Underwriting Review: The team at RAISE will carefully review and underwrite your submission.

4. Terms and Conditions: Upon approval, you will receive Terms and Conditions for your review and acceptance. Once accepted, you will be successfully onboarded.

5. Communication with Importers: It is essential to prepare and disseminate detailed communication to your importers regarding the program expectations and requirements, to ensure they are prepared for CARM.

6. Get Bonds: Request bonds for your importers ahead of or for CARM R2 via CANdata system.

Mandatory Submission Documents: Insurance broker to obtain the onboarding package.

• Nondisclosure agreement between you, RAISE and your insurance broker.
• Completed customs broker questionnaire.
• Importer client list.
• Accepted Terms and Conditions between you, your insurance broker, and RAISE.