Court Bonds
Agents Bond
Required by Customs for clearing and forwarding companies to guarantee compliance with regulations when handling goods for clients.
Warehouse Bond
Warehouse Bond allows companies to store imports without paying duty or VAT upfront. Payment is due only upon sale, with the bond covering any unpaid duties.
Removal and Transit Bond (RIT)
A Removal and Transit Bond allows goods to pass through Zimbabwe duty-free, as long as consignments exit the country within 3 days.
Commercial Vehicles Guarantees (CVGs)
Temporary Importation Bonds guarantee that vehicles entering Zimbabwe for deliveries will return to their origin; otherwise, duty becomes payable.
Inward Processing Rebate Bonds
An Inward Processing Rebate Bond allows raw materials for export to be stored duty-free. If sold locally without paying duty, the bond covers the unpaid amount.
Performance Bond
This bond covers against defective workmanship and ensures work is done to specifications and standards within the required time.
Advance Payment Bond
An Advance Payment Bond is required to guard against the misuse of money that is paid in advance to contractors for the purchase of materials.
Bid Bond
A bid bond determines the seriousness of the contractor. It is an assurance by the contractors that the tender procedures will be followed.
Retention Bond
A retention bond releases retention funds to the contractor while guaranteeing payment to the employer if the contractor defaults.
Maintenance Bond
A maintenance bond covers costs of any defects that are realised after completion of works.
Judicial Management Bond
A judicial management bond ensures expert management performs their duties to prevent company liquidation during financial difficulties.
Administration of Estate Bond
An administration of estate bond is required to ensure that beneficiaries of an estate will not be prejudiced by mal-administration and fraud by the administrator of the estate.
Liquidators Bond
This bond is required to ensure the due performance of the person appointed in the liquidation proceedings of a company.
Need Help Choosing?
Not sure which bond fits your situation? Contact our expert team for professional advice and quick assistance.
