Looking to learn more about your warehouse options in the European Union? Discover the benefits of bonded warehousing for direct access to the European market to improve your customer service.
What is a Customs Bonded Warehouse?
A customs warehouse is a bonded storage facility. It has permission from the local customs authority to store imported goods. The advantage is that you can postpone the immediate payment of duties and taxes. It is not until the goods that are stored are released for sales within the European Union or re-exported that duty payment in made.
The key advantages of this type of warehouse in Europe is as follows:
- The main benefit of this type of bonded storage area is the deferment of duties and taxes.
- Frequently located near international transportation infrastructure such as ports, border crossings and airports, storage of goods is secure.
- Compliance is guaranteed as the goods in bonded warehouses remain under the control of local customs.
- Providing supply chain flexibility to businesses on how long they wish to store goods.
- Dependent on the logistics service provider, additional rework activity can be undertaken once stored in the warehouse.
In many cases, it is 3PL providers that operate bonded warehouses in Europe working in partnership with clients to optimise storage location and reduce transportation costs.
If you are considering a bonded warehouse in Europe, SEKO has multiple strategic warehouse locations in the EU such as Rotterdam & Amsterdam.
Benefits of bonded warehousing in Europe
- Free up capital by delaying duties and tax payment.
- Improvement of warehousing and distribution strategy into the European market.
- Cost effective inventory management in the European Union.
- Strategic location of your goods ready for faster delivery to your customers.
