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United Nations Convention on International Multimodal Transport of Goods (Geneva, 24 May 1980)
United Nations (UN)
copy @ Lex Mercatoria
1. Where a financial guarantee for the customs transit operation is required, it shall be furnished to the satisfaction of the customs authorities of the transit country concerned in conformity with its national law and regulations and international conventions.
2. With a view to facilitating customs transit, the system of customs guarantee shall be simple, efficient, moderately priced and shall cover import/export duties and taxes chargeable and, in countries where they are covered by guarantees, any penalties due.
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