Comprehensive guarantee
Also called: global guarantee · kapsamlı teminat
A single guarantee covering the amount of duties for several operations, declarations or procedures over time, rather than one shipment. It is fixed by reference to the operator's typical exposure and is monitored as it is used.
In practice
Comprehensive guarantees suit regular importers and transit users, but their reference amount must be checked so it is not exceeded.
EU
Türkiye
UKRelated terms
- Individual guarantee
- A guarantee given for one specific operation, such as a single transit movement or temporary admission. It may be a cash deposit, a guarantor's…
- Guarantee waiver
- An arrangement under which a reliable authorised operator may use a comprehensive guarantee at a reduced amount, and in some cases with no guarantee…
- Customs guarantee
- Financial security, such as a cash deposit, bank guarantee or surety undertaking, provided to ensure payment of a customs debt that has arisen or may…