can someone tell me what a bonded warehouse means?

[IceBergSLiM]

as the title states

Old thread revived by spammer.
admin allisolm

 

[WelshBloke]

Whips, chains and a good dungeo........ oh whoops bonded

Sorry no idea

 

[meltdown75]

http://en.wikipedia.org/wiki/Bonded_warehouse

 

[Lamont Burns]

You should watch more educational Martin Lawrence movies.

 

[IceBergSLiM]

Originally posted by: Lamont Burns
You should watch more educational Martin Lawrence movies.

huh?

I'm referring to this :

Sec. 30-32. Warehouse permit. A warehouse bottling permit shall allow the storage
and bottling of alcoholic liquor on the premises of a bonded warehouse, but no such permit
shall be granted unless the place has received the approval of the Department of Consumer
Protection. A warehouse storage permit shall allow the storage of alcoholic liquor on the
premises of a bonded warehouse, but no such permit shall be granted unless the place has
received the approval of the department. The annual fee for a warehouse bottling permit shall
be one hundred sixty dollars and for a warehouse storage permit shall be thirty-five dollars.

 

[EagleKeeper]

Think of it a business insurance for the customer vs for the business.

Bonded means that the business is expected to perform the service as contracted. They have insurance to cover any losses to the client due to failure of the business to complete the agreement

 

[sactoking]

Without seeing the bond form to be used, I can't say exactly. In general you'd be applying to a surety/insurance company for bond credit to guarantee that either:

a) No material left the warehouse unaccounted for
and/or
b) Taxes and Tariffs were properly collected when merchandise did leave

This is a standard practice in warehousing, especially with alcohol, tobacco, electronics, and imports/exports.

 

[jonks]

Originally posted by: Lamont Burns
You should watch more educational Martin Lawrence movies.

You mean Eddie Murphy? He busts into the bonded warehouse in Beverly Hills Cop

 

[IceBergSLiM]

So assuming I've imported something and paid the duty on it must it still be placed in bonded storage?

 

[Lamont Burns]

Originally posted by: jonks

Originally posted by: Lamont Burns
You should watch more educational Martin Lawrence movies.

You mean Eddie Murphy? He busts into the bonded warehouse in Beverly Hills Cop

Snap, he does... I had Blue Streak on the brain with that post though. Those unoriginal bastards.

 

[alkemyst]

a bonded warehouse is glued to it's foundation....this is important during hurricane season.

 

[MichaelD]

Originally posted by: alkemyst
a bonded warehouse is glued to it's foundation....this is important during hurricane season.

Mmm-hmm. /nods head

+3 Creativity Points

 

[axelfox]

Originally posted by: Lamont Burns

Originally posted by: jonks

Originally posted by: Lamont Burns
You should watch more educational Martin Lawrence movies.

You mean Eddie Murphy? He busts into the bonded warehouse in Beverly Hills Cop

Snap, he does... I had Blue Streak on the brain with that post though. Those unoriginal bastards.

"All you gotta do, is look for a truck with the letter B on it!"

"Why B?" "BONDED! Bonded trucks, can get into bonded warehouses!"

"How do you know all of this?!"


"...A little bit of work in bonded warehouses!"

"Fair enough!"

 

[IceBergSLiM]

So basically the only bonded warehouses are customs warehouses?

 

[MomentsofSanity]

So basically the only bonded warehouses are customs warehouses?

Yes as the bonded area is where imported goods are held until the duties are paid essentially.

 

[Iron Woode]

Yes as the bonded area is where imported goods are held until the duties are paid essentially.

you do realize you responded to an 8 year old thread?

 

[MomentsofSanity]

you do realize you responded to an 8 year old thread?

goddammit why did this show up on my first page?!

Ban

 

[IronWing]

goddammit why did this show up on my first page?!

Ban

Necro spam that the mods deleted.