What is Bonded Storage?
In this glossary, Bonded Storage refers to: A designated warehouse or storage facility under customs control, where imported goods may be stored without payment of duties and taxes until they are cleared for consumption or re-exported.
How is Bonded Storage used in logistics?
In logistics communication, this term appears in contexts such as: "The shipment remained in bonded storage until all import duties were paid and customs clearance was completed."
Why does Bonded Storage matter in logistics?
Bonded Storage matters because it supports clear communication in Customs contexts for Freight Forwarders, Supply Chain Managers, and Customs Brokers. It also connects to aviation training and exam language such as FIATA Diploma, CILT Certification, and IATA DGR.
Who uses Bonded Storage?
Bonded Storage is mainly used by Freight Forwarders, Supply Chain Managers, and Customs Brokers.
What category does Bonded Storage belong to?
In this glossary, Bonded Storage is grouped under Customs. Related pages in this category explain adjacent procedures, commands and operational concepts.
Where does this definition come from?
This definition is sourced from Incoterms 2020 (ICC), FIATA, IATA DGR, WCO and published by Protermify Logistics as a static logistics reference page.
