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Bond port

shipping container at sea
Definition

In the supply chain, a "bond port" refers to a designated port or location where imported goods can be stored or held under bond. It is a facility authorized by customs authorities where goods can be stored without payment of duties or taxes until they are cleared for entry into the country or further transportation. Bond ports provide a secure and regulated environment for temporary storage of goods, allowing importers to defer duty payments and maintain supply chain efficiency.

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Bond port

Definition

In the supply chain, a "bond port" refers to a designated port or location where imported goods can be stored or held under bond. It is a facility authorized by customs authorities where goods can be stored without payment of duties or taxes until they are cleared for entry into the country or further transportation. Bond ports provide a secure and regulated environment for temporary storage of goods, allowing importers to defer duty payments and maintain supply chain efficiency.

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Get the Most Advanced Visibility Into the Journey of Your Ocean and Rail Containers

Talk to one of our supply chain experts to get started now.
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Shipping container at seaShipping container at sea