OOCL - Shipping Glossary

Bonded Logistics Park (Center)	It Improves logistics between free trade zones and ports when free trade zones are isolated from the ports. Within a bonded logistics park, there are bonded warehousing, allotment and distribution, information processing, import and export trade, customs check and maintenance, commodities exhibition, and centralized Customs declaration. Import, export and distribution of the cargo do not undergo Customs check procedures of both the ports and the free trade zones. The customs process in bonded logistics parks significantly achieves the advantages of the country’s preferential policies for both the FTZ and ports.
Bonded freight	Freight moving under a bond to U.S. Customs or to the Internal Revenue Service, and to be delivered only under stated conditions.
Bonded indemnity	A certificate filed with a carrier, relieving it from liability to which it would otherwise be subject.
Bonded warehouse	A warehouse bonded by customs authorities for storage of bonded goods prior to cargo being cleared. A facility or consolidation centre that is authorized by customs to store goods, usually separately on dutiable & non-dutiable goods, pending customs inspection and clearance. The goods in it are secured under customs custody. The payment of duties and taxes are only payable once the goods are removed. Authorized operators of bonded warehouse are often required to provide custom bond.
Booking	Arrangements with a carrier, often a steamship or airline, for the acceptance and carriage of passengers or freight.
Booking number	A reference number for booking registered. It should be unique without duplication in three years period.
Booking status	The status of booking in process from time of registration to the final stage of firm acceptance or rejection. It is composed of following status: (a) Cancelled: rejected or voided due to no show; (b) Confirmed: acknowledged with firm acceptance; (c) Confirmed subject to space availability: acknowledged acceptance of booking subject to confirmation in agreed time frame; (d) Pending: acknowledged receipt of booking yet subject to approval for acceptance.
Bottom air delivery	A condition whereby temperature controlled air is introduced into the container at floor level.
Box	Common term for an ocean going freight container.
Boxcar	A closed freight car.

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