Bonded Goods
Imported cargo that is stored in a bonded warehouse under customs supervision until duties are paid or the goods are exported.
Definition
Imported cargo that is stored in a bonded warehouse under customs supervision until duties are paid or the goods are exported. Bonded goods are often used to defer taxes or streamline international trade
Related Terms
Backhaul
The return leg of a transportation route often involving a truck returning to its point of origin with a new shipment.
BAF (Bunker Adjustment Factor)
A surcharge applied by carriers to compensate for fluctuating fuel prices.
Barge
A flat-bottomed vessel used to transport cargo via inland waterways rivers or canals.
Batching
The process of grouping cargo or shipments based on similar characteristics (e.g. destination size or type) for streamlined processing.
Bill of Entry
A legal document submitted by importers or customs brokers to authorities declaring the nature quantity and value of imported goods.
Bill of Lading (BOL)
A crucial shipping document that serves as a contract between the shipper and carrier.
Ready to unblock your supply chain?
Join the fastest growing businesses shipping with Cubic.