Logistics
Customs Storage
Also known as: Bonded storage, Customs warehousing
Cargo safekeeping within a bonded facility during customs clearance, subject to daily fees that increase progressively with storage time.
Also known as: Bonded storage, Customs warehousing
Cargo safekeeping within a bonded facility during customs clearance, subject to daily fees that increase progressively with storage time.
Customs storage is the safekeeping and custody service for merchandise within a bonded facility while customs clearance is completed. Fees are charged daily per container or package and increase progressively: the first few days are usually free or low-cost, but after the grace period, rates increase significantly. Extended storage can result from missing documentation, pending permits, customs examination findings, or unpaid duties.
Supervised Customs Facility (Recinto Fiscalizado)
An area authorized by customs authorities for the storage, custody, loading, unloading, and clearance of foreign trade goods.
CustomsCustoms Clearance
The complete set of procedures and formalities required for goods to legally enter or exit a country through customs.
LogisticsDemurrage
An additional charge by the shipping line when a container is not returned within the agreed free time period after discharge at port.
LogisticsTemporary Storage
The warehousing of goods at a fiscal precinct during the period between arrival and customs clearance, with maximum timeframes established by law.