What is a bonded carrier?

A bonded carrier is a transportation company that has been approved by customs authorities to transport international goods under bond. This means that the carrier is authorized to transport goods that have not yet cleared customs, allowing them to move quickly and efficiently through the supply chain.

Bonded carriers must meet specific requirements set by customs authorities, including having the necessary security measures in place to prevent theft or tampering with the goods in transit. They may also be required to post a bond or obtain insurance to cover any potential liabilities that may arise during transportation.

Bonded carriers play a crucial role in the international trade process, as they help expedite the movement of goods across borders and ensure that shipments reach their destinations in a timely manner. They are often used for transporting goods that are in transit or awaiting customs clearance, such as goods moving between ports or border crossings.

Overall, bonded carriers provide a valuable service to businesses involved in international trade by ensuring the efficient and secure transportation of goods across borders.