What is Bonded Warehouse?
In this glossary, Bonded Warehouse refers to: A secured facility authorized by customs authorities where imported goods can be stored, manipulated, or undergo manufacturing operations without payment of duties and taxes until they are released for local consumption or re-export.
How is Bonded Warehouse used in logistics?
In logistics communication, this term appears in contexts such as: "Goods were stored in a bonded warehouse pending customs clearance and payment of applicable import duties."
Why does Bonded Warehouse matter in logistics?
Bonded Warehouse matters because it supports clear communication in Incoterms 2020 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 Warehouse?
Bonded Warehouse is mainly used by Freight Forwarders, Supply Chain Managers, and Customs Brokers.
What category does Bonded Warehouse belong to?
In this glossary, Bonded Warehouse is grouped under Incoterms 2020. 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.
