Warehouse & Logistics Encyclopedia
Your comprehensive guide to warehouse, logistics, and supply chain terminology. Explore over 100+ industry terms with detailed explanations and practical insights.
Bonded Carrier
A carrier authorized to transport bonded goods under customs supervision.
Definition
Bonded carriers move goods that are under customs bond, ensuring duties and taxes are secured until goods reach their destination.
Overview
Bonded carriers are crucial for international trade, transporting imports or exports that have not yet cleared customs.
Role
A carrier authorized to transport bonded goods under customs supervision.
Focus
Bonded carriers are crucial for international trade, transporting imports or exports that have not yet cleared customs.
Example
A bonded carrier transports imported electronics from the port to a warehouse, delaying duty payment until delivery.
FAQs
Q: Can you give an example of Bonded Carrier?
A: A bonded carrier transports imported electronics from the port to a warehouse, delaying duty payment until delivery.