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International Trade vocabulary · Customs and Tariffs

Bonded warehouse

Meaning in international trade, with examples

nounCommon term

In international trade, bonded warehouse means: A warehouse under customs control where imported goods can be stored without paying duties until they are released for sale or sent abroad again.

In Turkish: antrepo, gümrüklü depo

How it is used

Used when the importer is not yet ready to pay duties, or when the goods may be re-exported. Customs records every entry and exit. Also called a customs warehouse.

Example sentences

  1. We will keep the goods in a bonded warehouse until the buyer pays.

  2. The bonded warehouse charges a daily fee per pallet.

Common collocations

  • store in a bonded warehouse
  • bonded warehouse fees
  • release from a bonded warehouse
  • customs bonded warehouse
  • customs dutyThe tax paid to customs on imported goods, calculated from their customs value, their HS code and sometimes their origin.
  • customs clearanceThe process of completing all customs formalities and paying any duties so that goods are allowed to leave or enter a country.
  • inward processingA customs procedure that lets a company import materials without paying duties, provided it processes them and exports the finished products.
  • transshipmentThe unloading of goods from one ship or vehicle and reloading them onto another during the journey to the final destination.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Customs and Tariffs

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