Terms & Glossaries of Shipping and Trading

Bonded Warehouse - Export

A secure building or area, approved by customs, where cargo, for which export clearance has been performed, is stored.

What is Bonded Warehouse - Export?

Goods are considered foreign and must go out for export. In some countries, a bonded warehouse is defined as a warehouse with customs officials onsite. In others, it is a warehouse in which customs inspect cargo prior to authorising export clearance. Ensure the local definition is established. In some countries, some manufacturers are also granted a licence to operate a bonded warehouse in which they can store manufactured products in anticipation of export and hence suspend payment of local taxes (e.g. on cigarettes).