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Mason Transfer and Grain Co., bonded warehouse on the South Texas Border. Taken by Robert Runyon sometime between 1900 and 1920.. A bonded warehouse, or bond, is a building or other secured area in which imported but dutiable goods may be stored, manipulated, or undergo manufacturing operations without payment of duty. [1]
The Warehousing Act of 1846, [1] was a commercial law that allowed merchants to warehouse their imports into the United States and thus delay tariff payments on those goods until a buyer was found. It established the bonded warehousing system at American ports and spurred the influx of commerce, particularly in New York City.
Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
Bonded warehouse, known as duty-free stores, used for selling, for use outside the Customs territory, conditionally duty-free merchandise owned or sold by the proprietor and delivered from the Class 9 warehouse to an airport or other exit point for exportation by, or on behalf of, individuals departing from the Customs territory for ...
Warehouse in South Jersey, a U.S. East Coast epicenter for logistics and warehouse construction, [1] outside Philadelphia, where trucks deliver slabs of granite. A warehouse is a building for storing goods. [2] [3] Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc.
Commercial goods not yet cleared through customs are often stored in a type of customs area known as a bonded warehouse, until processed or re-exported. [85] [86] Ports authorised to handle international cargo generally include recognised bonded warehouses.
B Bond Warehouse (grid reference) is a former bonded warehouse built to serve Bristol Harbour. Built in 1908, B Bond was the second of three warehouses constructed close to Cumberland Basin to meet the demands of the tobacco import boom of the early 20th century. [ 1 ]
A whisky bond, a type of bonded warehouse, is a building where whisky on which excise duty has not yet been paid is stored under lock and key. [1]The Cheapside Street whisky bond fire in Glasgow on 28 March 1960 was Britain's worst peacetime fire services disaster.