Though the concept of Surety is known around the world, the details in wording, requirements and issuance can vary significantly from one country to the next. Not only can the language be different outside of Canadian borders, but there are different surety practices.
For instance, an American company who ships goods often from Alaska to Mexico would require specific Customs Bonding to pass through Canada, the US, and Mexico. The three Customs bonds required for such a job will differ, in some cases significantly, in requirement, cost, and regulations.
In another instance, a Licence Surety Bond used in Canada is not valid in the US or abroad, and the requirements and documentation to purchase the same type of Licence bond in another country is more difficult and time consuming.
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