H&C Metals, in an effort to build on the success of its scrap metal import business and attract new import suppliers, recently purchased a U.S. Customs Continuous Bond.
A Continuous Customs Surety Bond guarantees that all customs duties and penalties assessed and charged by U.S. Customs will be paid by the Importer. A Customs import bond is a financial guarantee between the Insurance/Surety company issuing the Customs bond, Importer of Record and Customs & Border Protection (CBP). CBP requires all importers to file an Import Bond in order to clear their entries, even if the goods are duty free. The Import Bond guarantees CBP. A continuous import bond is good at any U.S. port and can be used by any Customs Broker or Freight Forwarder to clear entries.
Benefits of the Bond include:
- Expedited U.S. Customs processing results in faster payments to H&C Customers: With a Continuous Customs Surety Bond on file, H&C’s Customs Broker can submit the entry to US Customs prior to ocean vessel arriving at US port of entry by utilizing the arrival notice. With a Continuous Bond, our customs clearance can be automatically processed by US Customs computer system where as every single transaction submission must be released by an actual customs officer. This results in H&C receiving and unloading the container sooner and its customers being paid faster
- Sustainability: Once bond is approved and on file with customs, all entries will be transmitted paperless, alleviating need to mail original documents to customs office for review and wait for them to mail back the release for pick up.
H&C Metals has a close working relationship with numerous fire departments in NJ such as New Providence Fire Department. Utilizing can wagons, Local Fire Depts. collect scrap Aluminum Used Beverage Cans (“UBC’s”) in their communities to provide charitable contributions to The Saint Barnabas Hospital Burn Foundation (the research and fundraising arm of The Burn Center, Livingston NJ) and a program called “Aluminum Cans for Burned Children”. H&C Metals supports the efforts of the Fire Departments and The Burn Center by actively encouraging them to deliver their cans to H&C, providing unloading assistance and paying a premium price for the scrap. The funds are then donated back to Saint Barnabas by the Fire Dept.
In response to increased scrap supply from its customers, H&C and its sister company, Balemet Recycling, have once again expanded its Freon evacuation & recovery program. To supplement its existing operations, H&C leased commercial building space designated to be used for processing scrap appliances containing CFC’s. Additional staff with proper Federal EPA credentials (608 Certification) has been hired to perform this important step in the recycling process. By consistently enhancing its recycling programs, such as removing CFC gases from the waste stream before they can be potentially released into the atmosphere, H&C contributes to the health of our environment.
The Ironbound Catholic Academy, located in Newark, recently completed their 2014 Eight Grade Fund Raiser. From Sept. 2013 through May 2014, students were engaged in a recycling program in which they placed used Aluminum Beverage Cans (“UBC’s”) in designated boxes in each classroom. The cans were collected daily for recycling. The Academy approached H&C Metals in August 2013 to inquire as to whether H&C would be interested in partnering with the school by accepting & buying the scrap cans. H&C agreed to provide the Academy with weight tickets as students periodically delivered cans, maintain on-going records of received cans and pay the Academy a price equal to the price H&C would realize from selling directly to a large aluminum Mill for recycling. The Catholic Academy 8th graders collected 500 lbs. of cans!
H&C is proud to participate in local community service efforts like this which benefit a school, its students and the environment.