Bonded Carrier
What is a bonded truck? A bonded truck is a vehicle that has been designated to carry cargo across international borders without paying duty on it. The cargo in the truck is not allowed to leave the vehicle until it reaches its destination, usually a port of entry. The trucks are usually owned by freight forwarding companies or customs agents who facilitate the transport of goods internationally.
A bonded truck is needed when transporting goods for business purposes. This helps to avoid customs duties, taxes, and fees that would otherwise be imposed on the items being transported. A bonded truck is a specially equipped vehicle that is used to transport goods across borders.
What is a bonded shipment?
A bonded shipment is when an international cargo is shipped with the intent of creating a customs bond. The cargo is held in a warehouse for a specified period of time before it can be released to its destination.
Bonded shipments are different from other types of shipments because they require more paperwork. They have restrictions on what can be shipped. Bonded shippers also require the purchase of additional insurance, which only covers the cost of the goods and not any losses incurred during shipment.
Bonded shipments, in some cases, take longer than regular shipping. But they offer two major benefits:
Keeps your cargo safe while it waits to be released.
That you don’t have to pay taxes on your cargo until you release it from storage.