Bonded warehouse
A bonded warehouse is a secure, customs-approved facility where imported goods can be stored without paying duties or taxes.
Duties are paid only when the goods are released into the country and none are due if they are re-exported.
Related terms
- CTOCargo Terminal OperatorA cargo terminal operator (CTO) is the company that runs a cargo terminal at an airport.
- TranshipmentTranshipment is the transfer of cargo from one flight to another at an airport on the way to its destination.
- HS codeHarmonized System codeAn HS code is a product number from the Harmonized System, which customs authorities worldwide use to classify goods.
More in Customs & Security
- ACASAir Cargo Advance ScreeningAir Cargo Advance Screening (ACAS) is a US Customs and Border Protection (CBP) programme that requires air cargo data to be sent before the cargo is loaded at the last foreign airport.
- ACIAdvance Cargo InformationAdvance cargo information (ACI) is the general name for rules that make carriers send shipment data to customs before goods arrive in a country.
- ICS2Import Control System 2Import Control System 2 (ICS2) is the EU's advance cargo information system for goods entering or passing through the EU.
- KCKnown ConsignorA known consignor (KC) is a shipper approved by the aviation security authority to apply security controls to its own cargo.
- RARegulated AgentA regulated agent (RA) is a forwarder, handler or other company approved by the aviation security authority to screen cargo or apply security controls and give it a security status.
- ScreeningScreening is the security check of cargo before it is loaded, using methods such as X-ray, explosive trace detection, sniffer dogs or a physical search.
Belli runs air cargo for airlines, from booking to billing.
Bookings, air waybills, ULD build up and messaging in one system, built with the people who handle the freight.