Companies that regularly export products abroad rely on bonded warehousing facilities to store their goods in foreign countries until duty taxes have been paid and shipping logistics have been sorted out. These facilities provide businesses with a safe, secure place for businesses to store their goods while they take care of all the legal and practical considerations that accompany international shipping. Today we’ll take a closer look at the advantages of using a bonded warehouse when you ship internationally.
In the United States, most bonded warehouses allow goods to be stored for up to five years. In some countries, goods can be stored indefinitely. This provides businesses with an added measure of convenience when they ship internationally. In some cases, companies will ship products to a bonded warehouse and then wait to bring them to market until demand increases.
Ideal for Restricted Items
Bonded warehouses aren’t just useful for exporting goods; they’re great for importers as well. When importing goods that are subject to special restrictions, companies can use bonded warehouses to store items until they’ve taken care of the legal legwork needed to move them elsewhere in the country.
For many businesses, this is the most compelling reason to use a bonded warehouse when shipping internationally. When items are stored in a bonded warehouse, duty taxes and value-added taxes are deferred until the items leave the facility.
At Speed Global Services, we offer freight forwarding and trucking services in addition to our fully bonded warehousing services. This way, you don’t have to worry about coordinating with multiple companies to manage the distribution and shipping logistics for your products. Instead, you can count on us to take care of everything you need to ship internationally between the U.S. and Canada. Plus, our warehouse space is conveniently located just minutes from the Canadian border in Buffalo, New York.
Want to learn more about bonded warehousing facilities, or any of the other services we offer at Speed Global Services? Give us a call today at our toll free number to speak with a representative!