"MUST BE BONDED"

Ive been bonded before as a driver.

Reduced to simple explain, you as a bonded company and more likely a bonded driver, PROMISED to make that delivery on time, no damage and especially no loss.Most loads like... Potato Chips no one cares about bonding. Not important. Now... if you put say... Fort Knox's Gold Bullion to 40,000 pounds into a semi trailer and had you assigned to get trailer and delivery>?

Whoo doggie... you be bonded. IF not then the company is a fool. Anything that happens to that load is not covered without that bonding. Guess who pays if you did a whoopsie and spilled it into a coal mine where no one can reach it? That's right YOU, and the Company that hired you but did not make bond coverage.

IF you were bonded and the company was also bonded after they patch you up at the hospital and question you carefully at the police station and none of that loss is your fault? Then the Bond Insurance will kick in to cover the very expensive Loss and probably a little extra besides.

But having used it you probably will not be bondable again and the company will also reviewed as well after such a claim.

I don't know what 40,000 pounds of gold at 1350.00 a ounce comes to because you have your Troy ounce rating which says 12 of them equals a pound dating from the Templar banking rules in France up to 1305 or so. But that rule remain in the use of Bullion measure.

 

You gotta ask your broker that question

 

@gokiddogo you have any idea?

 

Bonded for me usually means the load technically doesn't come into the country. For example. I can take a load from Windsor Ontario to Vancouver bc through USA but I need to have a us cbp bond in place as I'm just passing through. Occasionally produce will arrive at say Phili or nj ports and shipped to Canada "in bond." The bond must be cancelled at us customs prior to exiting USA and continuing to Canada. Just a bit different way to do the customs paperwork so they can keep everything straight who is buying what and for how much. That's part of how they compile all those trade numbers.

We also do bonded loads from Canada to Mexico. Travels across USA by road. Same deal, when entering at Detroit you enter on special bond paperwork, load always high security sealed, arrive at Laredo it works in reverse you cancel the bond and deliver it to a bonded warehouse where Mexican truck picks it up goes directly to Mexico with paperwork saying country of origin being Canada. Canadian truck could take it to Mexico and skip the bonded warehouse part...if he's insane enough to do it.

 

For this example it could be anything. Does Chicago have ship yards where product from far away countries arrives? It could also be a machine built in China, sold to Toronto Canada, put on boat to LA then train to Chicago then truck to Detroit then Toronto. Same idea. "Enters" USA at LA on bond so in-transit only, go to bonded rail yard at Chicago, Chicago to Detroit again bonded warehouses, Cdn truck picks it up from bonded warehouse takes it to Canada. Paperwork says it is made in China and costs this much and who is paying the taxes all that other government stuff. So it's a bypass. These bonded warehouses are watched by us customs closely. Keep these trade numbers accurate. And they are there to cancel bonds as they arrive and also ensure the load then continues on and leaves the country.

 

If by actual pounds it’s around 771 million US and some change for 40000 actual lbs of gold. No way in heck will I transport that much value in gold without an armed escort.

 

I’m interested in a load of this gold. How can I get a load of it?