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Submitted 397 days ago...

alganz

alganz

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Bonded Warehouses

A customer of ours suggested a bonded warehouse to store product that is currently in their warehouse and inventory owned by them, but is looking for a way to lower the debt until the inventory is utilized. They are proposing to keep the inventory on their books. What protection do we have that the inventory will be managed so that it is unusable, and is the bonded warehouse the right way to go? What I've read is this is more for imports/exports than for US produced and distributed product.

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Bonded Warehouses

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