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Logistics & Supply Chain vocabulary · Customs

Bonded warehouse

Meaning in logistics & supply chain, with examples

nounCommon term

In logistics & supply chain, bonded warehouse means: A warehouse under customs control where imported goods can be stored without paying duties and taxes until they are released into the country or re-exported.

In Turkish: antrepo, gümrüklü antrepo

How it is used

Used when goods will be sold abroad again or when the owner wants to delay paying duty. Goods stored there are 'in bond' or 'under bond'. The operator needs a licence and must keep exact stock records for customs.

Example sentences

  1. We keep the spare parts in a bonded warehouse and clear them only when a customer orders.

  2. The goods stayed in the bonded warehouse for three months while the buyer arranged financing.

Common collocations

  • store in a bonded warehouse
  • bonded warehouse operator
  • in bond
  • release from bond
  • customs dutyA tax charged by a government on goods when they are imported, and in some cases exported, usually calculated as a percentage of their customs value.
  • customs clearanceThe process of getting official approval from customs for goods to enter or leave a country, including declaring them, paying duties and passing any inspections.
  • warehouseA large building where goods, materials or products are received, stored and prepared for shipment.
  • customs declarationThe official form, now usually electronic, in which an importer or exporter tells customs what the goods are and states their value, origin and HS code.

This word in other fields

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

More terms: Customs

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