Plain-language definitions of 133 terms used in raw material trade: Incoterms, payment, shipping, customs, quality documents, plastics, metals, chemicals, agriculture and energy.
A customs-controlled facility where imported goods can be stored for a long or unlimited time without paying duties. While in bond, goods can be resold to another country (transit trade), released into free circulation in instalments, or sampled; duties are paid only on the quantity withdrawn. Raw material distributors use bonded warehouses widely to hold stock while protecting cash flow and delivering quickly.
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