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bonded warehouse |
Also found in: Wikipedia | 0.03 sec. |
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bonded warehouse n
(Business / Commerce) a warehouse in which dutiable goods are deposited until duty is paid or the goods are cleared for export How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Operators of warehouses with FTZ designations have more responsibility than those of regular bonded warehouses because they can break container seals themselves. In addition, customs clearance, as an integral part of the shipping process, is an area which FedEx continually addresses with solutions such as Web Export Manager, its bonded warehouses in Mexico and Brazil, and Express Clear, an advanced customs clearance capability that clear packages even before the aircraft lands. We also have local resources that many logistics providers do not have in China; two bonded warehouses in Shanghai which will have 100,000 square feet of capacity by the end of 2006. |
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