„Bonded Warehouse“
What does Bonded Warehouse stand for?
(USA) An approved private warehouse used for the storage of goods until duties or taxes are paid and the goods are properly released by Customs. Bonds must be posted by the warehouse proprietor and by the importer to indemnify the government if the goods are released improperly.
Source:
Customs and TariffsView all items“Understanding International Trade Law” by Simone Schnitzer.
