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Bonded warehouses in the UK

Bonded Warehouses In The UK

We receive many calls and enquiries to our office here at Whichwarehouse in respect of how to find a list of warehouses in the UK that offer Customs Bonded storage & warehousing services. As you may well be aware, no such list exists in the public domain. Specialised warehousing in the UK is not as widely advertised as ambient and temperature controlled facilities and therefore contact details are hard to find when it comes to a company requiring bonded storage solutions. Bonded Warehouses In The UK[1]

That s where Whichwarehouse can assist. We have a small number of third party logistics[2] providers in the UK covering various locations who as well as offering ambient and temperature controlled warehouse facilities, can also provide Customs Bonded storage and warehousing logistics services.

HMRC Bonded warehouses

If you import expensive goods into the UK such as electrical items or alcohol you might wish to defer the payment of duty and VAT until you sell the goods. There are specific warehouses available throughout the UK (predominantly located and found near major UK ports) that can assist you with this aspect of your business. This option allows the importer to pass on the cost to their customers at the point of sale (P.O.S) rather than having a large outlay at the time of import. Another reason a company might be seeking a bonded warehouse is if the goods are being imported and then re-exported from the UK where duty or VAT may not be applicable. Bonded warehouses must be approved by HMRC[3] in order to store imported goods or goods that are to be re-exported from the UK. We strongly advise all customers to speak to HMRC if you are looking into wet or dry bonded warehousing as they will be able to provide you with up-to-date information to ensure you have all the facts. The paperwork involved with the procedures and regulations that need to be adhered to can take up to 6 weeks, or more, to process and therefore it is recommended that you put in your applications as soon as possible. This is especially necessary when importing alcohol as companies importing certain alcoholic goods will require a WOWGR[4] licence (Warehousekeepers and Owners of Warehoused Goods Regulations (UK). When filing your paperwork with HMRC you will need to provide details of the warehouse you intend to store your goods in. Therefore again, it is vital that you look into this in plenty of time before you import the goods as you will need all arrangements in place before you can bring the goods to the UK. These links might assist you in your research of bonded warehousing regulations.
https://www.gov.uk/guidance/receiving-storing-and-moving-excise-goods
https://www.gov.uk/guidance/wine-trade-regulations
http://warehousenews.co.uk/2016/02/customs-warehouse-operators-must-crack-new-code/[5][6][7]

To make your search easier, we are listing the details below of the current 3PL s listed in the Whichwarehouse network who have HMRC customs bonded warehouse space available, so that you might contact them direct to enquire as to how they can assist your business operations. Please refer to Whichwarehouse as the source when calling or emailing.

Bonded Warehouses In The UK

Kings Lynn 175,000sqft dry bond click here[8] for full details and contact info

Coventry 295,000sqft dry bond click here[9] for full details and contact info

Swindon 1 million square foot wet & dry bond click here[10] for full details and contact info

Sharpness 637,000sqft wet bond click here[11] for full details and contact info

Knowsley, Liverpool 138,000sqft dry and wet bond click here[12] for full details and contact info

Epping, Essex 30,000sqft dry bond click here[13] for full details and contact info

Coggeshall, Essex 65,000sqft dry bond click here[14] for full details and contact info

Southampton 250,000sqft wet & dry bond click here[15] for full details and contact info

Witham 145,000sqft dry bond click here[16] for full details and contact info

Ebbsfleet, Kent 150,000sqft dry bond click here[17] for full details and contact info

St Helens, Merseyside 420,000sqft wet & dry bond click here[18] for full details and contact info

Rugby 72,000sqft dry bond click here[19] for full details and contact info

For assistance with any storage, warehousing or distribution requirement please feel free to contact us on 0800 7837842 or email [email protected] and we will be pleased to assist and advise accordingly.

Bonded Warehouses In The UK

[20] March 15th, 2016

Posted In: news[21]

References

  1. ^ Bonded storage & warehousing (www.whichwarehouse.com)
  2. ^ third party logistics (www.whichwarehouse.com)
  3. ^ HMRC (www.gov.uk)
  4. ^ WOWGR (www.gov.uk)
  5. ^ https://www.gov.uk/guidance/receiving-storing-and-moving-excise-goods (www.gov.uk)
  6. ^ https://www.gov.uk/guidance/wine-trade-regulations (www.gov.uk)
  7. ^ http://warehousenews.co.uk/2016/02/customs-warehouse-operators-must-crack-new-code/ (warehousenews.co.uk)
  8. ^ here (www.whichwarehouse.com)
  9. ^ here (www.whichwarehouse.com)
  10. ^ here (www.whichwarehouse.com)
  11. ^ here (www.whichwarehouse.com)
  12. ^ here (www.whichwarehouse.com)
  13. ^ here (www.whichwarehouse.com)
  14. ^ here (www.whichwarehouse.com)
  15. ^ here (www.whichwarehouse.com)
  16. ^ here (www.whichwarehouse.com)
  17. ^ here (www.whichwarehouse.com)
  18. ^ here (www.whichwarehouse.com)
  19. ^ here (www.whichwarehouse.com)
  20. ^ (www.whichwarehouse.com)
  21. ^ news (www.whichwarehouse.com)

Baltic Sea Freight Index Up On Firmer Panamax Rates

Baltic Sea Freight Index Up On Firmer Panamax Rates

The Baltic Exchange s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday, helped by stronger demand for panamaxes and smaller vessels. The overall index that gauges the cost of shipping cargoes including iron ore, cement, grain, coal and fertiliser, was up 10 points, or 2.73 percent, to 376 points. The panamax index rose 25 points, or, 5.92 percent to 447 points.

Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, climbed $200 to $3,593. Among smaller vessels, the supramax index gained 13 points to 399 points, and the handysize index was up three points at 243 points. The capesize index, which had recovered a little on Tuesday after hitting a record low of 161 points on Monday, slipped 2 points, or 1.11 percent, to 178 points.

Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes, fell $34 to $2,252 on Wednesday. Iron ore shipments account for around a third of seaborne volumes on the larger capesizes.
Source: Reuters (Reporting by Apeksha Nair in Bengaluru)

New Chinese Index Charting 'Silk Road' Freight Sinks To Lowest Level

New Chinese Index Charting 'Silk Road' Freight Sinks To Lowest Level

A new Chinese shipping index that tracks freight movements among the countries on the route of one of President Xi Jinping s key trade initiatives has fallen to the lowest level since it was established. The Maritime Silk Road Freight Index was launched on a trial basis by the Shanghai Shipping Exchange last July. The index takes January 2015 as its base point, and at that time it had a value of 100. The latest update, released on February 29, shows that the index has declined to 65.11 after falling 10.3 percent over the previous month alone.

New Chinese Index Charting 'Silk Road' Freight Sinks To Lowest Level

The index is divided into four subindexes container imports, container exports, dry bulk imports and tanker imports each of which began with a value of 100. The dry bulk figure has declined to 56.14, down 7.3 percent since the end of January. The index is based on the freight volume and rate, and the data is taken from other indices published by the SSE

In August, the state-owned China Daily newspaper reported SSE President Zhang Ye as saying the index was intended to enhance the transparency and influence of the market. China s economic slowdown has triggered a drastic decline in worldwide shipping activity. China s exports fell 25.4 percent year on year in February, and imports were down 13.8 percent. The Baltic Dry Index, the global measure of the cost of shipping coal, iron ore, grain and other non-oil commodities, fell to a record low in February. At 9 a.m. on Friday it stood at $384, down from a peak of $1,222 in August.

Xi proposed the creation of the Maritime Silk Road, a trade route linking China with countries in Southeast Asia, Africa and Europe, in 2013. The following year he said China would provide $40 billion to support infrastructure development and other projects in countries along the route and that of another trade channel, the Silk Road Economic Belt.
Source: Bloomberg