Bonded warehouses are crucial in facilitating cross-border trade.
They offer security for your imported goods which are awaiting customs and settlement of duties.
At Haulx, we specialize in managing bonded warehouse solutions for seamless trade operations.
Contact our friendly sales team to learn more about bonded warehouse rental rates!
What Is Bonded Warehousing
Bonded warehousing involves storing imported goods at a secure facility which is compliant with regulations, while awaiting customs clearance.
This allows importers to defer payment of duties until the goods are ready for distribution, providing flexibility and improved cash flow.
Due to its flexibility, a wide range of goods can be stored. This makes it suitable for various industries.
Types Of Bonded Warehousing
Temporary Storage Areas
Temporary Storage Areas are designated spaces within customs where goods can be temporarily held before undergoing clearance.
Public Bonded Warehouses
Public Bonded Warehouses are secure government-authorised facilities built to store imported goods before customs are cleared.
Bonded Logistics Parks
Bonded Logistics Parks are designed to streamline the entire logistics process.
These centralise various logistics functions including warehousing, distribution, customs clearance and shipping.
Private Bonded Warehouses
Private Bonded Warehouses offer dedicated storage solutions tailored to specific business needs.
These provide greater control, flexibility and security allowing better inventory management.
Free Warehouses provide an efficient storage solution for businesses to store duty-free goods without incurring additional costs.
Features Of a Bonded Warehouse
Central Management System
The central management system acts as the control and command centre.
It is operated by a team of supervisors that oversee warehouse operations.
Organised Storage System
Bulky goods are often packed onto pallets, before being stored on racks.
Small or loose items are consolidated into a single container which is kept alongside bulky goods.
Both bulk and rack storage is utilised to maximise space.
Bulk storage aligns and stacks of pallets on the floor while rack storage refers to the storing of pallets on shelves.
Automated machines are utilised to speed up the process of collecting, packing and delivering cargo.
This helps to streamline logistical processes and minimise human error.
Advantages Of Bonded Warehouse Service
Bonded warehouses can be used to safely store sensitive and restricted items. Essentially, anything from small products to bulky items and irregularly shaped cargo can be kept here.
Businesses can enjoy tax savings when storing their goods in a bonded warehouse as duties only need to be paid when goods are sent out for delivery.
This means goods that remain unsold can be re-exported with no duties imposed on them.
Bonded warehouses have different storage facilities to store all kinds of products.
For example, deep-freeze containers are used to hold perishable goods while temperature-controlled rooms are used to store electronics and automotive products.
Bonded warehouses that offer shipping services provide a comprehensive solution by combining storage, distribution, and transportation under one roof. This integration streamlines the logistics process and eliminates the need for separate coordination with multiple service providers.
Many bonded warehouses offer additional services such as packaging, labeling, sorting, and quality control inspections. These value-added services can save businesses time and resources by outsourcing these tasks.
Factors To Consider Before Renting a Bonded Warehouse
|Are you leasing for the short or the long-term?||Does your business specialise in distribution and logistics?|
|Bonded warehouses are ideal for long-term storage of goods as most of them allow storage of items for up to >4 years.|
The range of facilities available will also ensure that your goods are well maintained and preserved despite the prolonged storage time.
|For companies not proficient in logistics and delivery, leasing a bonded warehouse is ideal as they feature the necessary resources required to improve your business processes.|