Topic 1, Sub-Topic 1
In Progress

Overview of Management of Customs Securities

Stephen Otieno

Overview of Management of Customs Securities

  • A bond is a contract executed under seal whereby a person or persons (sureties, guarantors or underwriters) bind themselves to pay some other persons up to a specified sum of money as a penalty for the failure by some other person (the principal) to perform certain agreed acts.
  • Penalty to bond is the amount of money specified in the bond as payable, if the conditions of the bond are not met or are contravened.  It is the Bond In Force (BIF) that is enforceable in case the conditions of the bond are contravened.

© 2023 | FEAFFA LMS | All Rights Reserved

Report

Harassment or bullying behavior
Contains mature or sensitive content
Contains misleading or false information
Contains abusive or derogatory content
Contains spam, fake content or potential malware

Block Member?

Please confirm you want to block this member.

You will no longer be able to:

  • See blocked member's posts
  • Mention this member in posts
  • Invite this member to groups
  • Message this member

Please allow a few minutes for this process to complete.

Report

You have already reported this .