Bonded Warehouse

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Related to Bonded Storage: Bonded goods

Bonded Warehouse

A warehouse in which imports may be stored without payment of tariffs or other duties for a certain period of time. A bonded warehouse provides not only space but also facilities to clean, repackage or even complete the manufacture of the imports. Importers have a given period of time (such as five years) to pay the tariffs and remove the goods from the bonded warehouse. It is called a bonded warehouse because the importer must post a bond to compensate the government if the goods are released without tariff payment. It is also called bonded storage or a bonded terminal. See also: Bonded goods.
References in periodicals archive ?
Crude oil of foreign origin held in bonded storage is excluded.
Johnson and Wood (1996) provided a list of services attributes of public warehouses consisting of bonded storage, office and display space, integrated data-processing equipment, inventory-level maintenance, local delivery or tendering outgoing movements to carriers, unpacking, testing, assembling, repacking, price marking, and securing collateral goods for loans.
In addition to providing blast freezing, bonded storage, packaging and import-export services, three USCS plants in California manufacture and distribute block ice for agricultural use and cubed ice for personal consumption.
A vessel carrying 2 million barrels of Iranian oil was reported on Tuesday to have discharged the crude into a bonded storage tank at the port of Dalian in northeast China.
We've also invested in additional bonded warehouse space which will give Lanchester a total of 920,000 sq ft of Class A bonded space and bonded storage while we have plans to build a new 250,000 sq ft bottling facility."
remain family e bonded storage facility, acquired from Gateshead Council, will come into use in early summer after the company has completed renovation and insulation works.
Tenders are invited for Supply of Bonded Storage Facility Furnishing Of Csl
The company works with clients to assess the market potential of their offering, then helps them design strategies and action plans, translate product literature, provide e-commerce service and a range of other services including tax-free bonded storage, secure payments in guaranteed and hard currency and guaranteed exhibition space.