Bonded Warehouse
A storage facility authorized by customs authorities where imported goods can be stored without immediate payment of duties or taxes.
Definition
A storage facility authorized by customs authorities where imported goods can be stored without immediate payment of duties or taxes. Goods may remain in the bonded warehouse until they are sold re-exported or released for domestic consumption
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.
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