Types of Bonded Warehouses

A customs bonded warehouse, or bonded warehouse, is a secure storage facility that is free from import duties. While in the bonded warehouse, the manipulation of duty-free merchandise is highly regulated. Usually, cargo stored in most types of bonded warehouses cannot be used in any significant manufacturing process, and in some cases is only allowed to be stored for some period of time. 

 In this post, we are going to explain some types of bonded warehouses: 

CFS Bonded Warehouse 

A container freight station (CFS) is a facility where ocean or air freight can be transferred directly from the destination port or airport.This is primarily used to de-consolidate inbound consolidated shipments whether arriving via air freight or Container loads.  The CFS is also used to bring in in-bond (7512) in-transit freight to be stored.  Freight can only be stored within a CFS for up to 10 days.  If the freight does not ship out within 10 days Customs will seize the freight.

IBEC Bonded Warehouse

In-Bond Export Consolidation (IBEC) facility is very similar to the above CFS but the freight can store up to 30 days and it’s also on a Customs in-bond 7512 form.  This Bonded Warehouse is used to consolidate in-bond freight that’s pending to be exported therefore, they give you 30 days to store it instead of 10 days.  

 

 

Types of bonded warehouses

 

Class Three Traditional Bonded Warehouse 

This type of Customs Bonded Warehouse requires a formal 7501 Customs entry into the Bonded Warehouse.  A Customs power of attorney is needed from the importer to make this formal entry.  The formal entry also requires a Customs Bond.  Freight within this Bonded Warehouse must be stored at the Customs entry number level and can be stored for up to five years.

Foreign Trade Zone (FTZ)

FTZ is a type of Customs Warehouse that gives you a lot of flexibility.  It requires a Customs 214 and tally in form to get the goods entered into the FTZ.  The freight within the FTZ can be stored at the SKU level if it is your desire (does not have to store at the entry number level).  This freight can be commingled with Domestic freight.  Freight within an FTZ can be stored as long as you like without any time limits.

If you need a bonded warehouse you should contact CARGO CARE SERVICES, we have facilities close to the ports/airports in the United States. CHECK AVAILABILITY!