Thibault Guenat
03.02.2018

3PL, agile, brexit, disruptive, dynamic supplychain, glossary, importing

A bonded warehouse, or bond, is a building or other secured area in which dutiable goods may be stored, manipulated, or undergo manufacturing operations without payment of duty. It may be managed by the state or by private enterprise. For the latter case a customs bond must be posted with the government.

Finding good sites close to your customers and ingress points is becoming increasingly difficult, as good origins shift from the near abroad in the EU to further afield, resulting in more time spent in bond.

Bonded warehouses must be approved by HMRC. Stowga experts can identify sites and partners for you but we also advise you to speak to HMRC to check any requirements you many have.

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