At our Felixstowe and Teesport sites we are able to offer bonded storage, which allows our customers to store goods without paying for the duty and/or VAT upon arrival.
When these goods are brought into the warehouse, we will provide customs with a bond which essentially guarantees there will be no loss of revenue if the goods were to be moved from the bonded area in which they are stored. This makes the bonded warehouse facility a duty-free zone in effect and is qualified to hold goods of this nature.
This service enables a much greater working capital and as our bonded storage is fully integrated with Her Majesty’s Revenue and Customs (HMRC) through their Customs Handling of Import and Export Freight (CHIEF) system, we can provide a service that is approved and trusted.
If you’d like more information on our bonded storage facility or the overall services that we provide at our various sites in the PD Ports portfolio, then you can contact us on +44 (0) 1642 877000.