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Advantages of a Bonded Warehouse

Many people have heard of a bonded warehouse, but they aren’t exactly familiar with them or do not understand how they work.

What is a Bonded Warehouse?

Essentially, it is a secure location where imported goods are stored or manipulated without the importer or warehouse owner having to pay duty. The government owns many of these types of warehouses, but some are also owned by private companies. Private bonded warehouses require a posted customs bond and some customs supervision. … (Read more)

Bonded Warehouse for Retail and Consumer Goods

Whether you import alcohol, pharmaceuticals, automobiles, or raw materials, our bonded warehouse facilities for retail and consumer goods can really work to your advantage. When you choose to store imported goods in a bonded warehouse, you are not required to pay duty on them until you export them, sell them, or release them for consumption. This helps your business save time and money in a number of ways.

Bonded Warehouse Advantages

• Increased cash-flow: Because you do not have to pay

What Exactly is a Bonded Warehouse?

A bonded warehouse is simply a building or secured facility that serves as storage for goods, whether consumable or not. These facilities can be run by governments, like those maintained by customs officials, or by privately-held companies like Bonded Service.

The word “bonded” generally refers to a fund that is available to pay out against claims, like damaged or stolen goods. A bond is essentially insurance and in this case is simply an additional layer of protection for clients.

There … (Read more)