Our glossary simplifies common industry terms in freight and logistics into clear, easy-to-understand explanations.
Bill of LadingBonded Goods Bonded goods refer to goods stored in bonded warehouses that have not yet undergone import declarations and paid customs duties. Legally, these goods are still considered "foreign goods" and only enter the local market after customs clearance and payment of relevant taxes and fees. The bonded system is designed to facilitate international trade and allow importers and exporters greater flexibility in transshipping, processing, or re-exporting goods. The advantages of bonded goods include deferring customs duties, reducing financial pressure on businesses, and increasing logistical flexibility. For cross-border e-commerce, entrepot trade, and manufacturing, bonded warehouses can effectively support high-volume import and export operations and shorten supply chain cycles. With the development of free trade zones and cross-border e-commerce, bonded goods have become a vital component of the international logistics system.
Subscribe to our newsletter to be the first to get the latest logistics trends, professional insights and exclusive offers. Never miss an opportunity to improve efficiency and optimize costs.
