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FTZ AND BONDED WAREHOUSE

Charter Brokerage has deep expertise in the establishment and administration of foreign-trade zones and bonded warehouse, reducing the duties and fees applicable to imported goods.

FTZ AND BONDED WAREHOUSE

Charter Brokerage facilitates the prompt and efficient clearance of imported and exported goods.

Charter facilitates the prompt and efficient clearance of imported and exported goods into and out of foreign-trade-zone and bonded-warehouses. In fact, Charter is the premiere provider of customs services in support of free-trade zone (FTZ) and bonded-warehouse terminal operations for the supply of “foreign status” jet fuel to domestic and international carriers in the U.S. Our turnkey services include application, activation, documentation, inventory tracking, record keeping, reporting and audit support.

With more than 25 years of experience, Charter works with its clients to operate their own FTZ or bonded warehouse. We also represent our client with independent 3rd party FTZ operators and bonded-warehouse proprietors, to understand their business operations. We then determine the best approach to operational procedures and identify the necessary filings to meet U.S. Customs requirements. Charter also facilitates the prompt and efficient clearance of goods into and withdrawn from foreign-trade-zones and bonded-warehouse terminals.

FTZ AND BONDED WAREHOUSE

Here are some of the services we offer:

FTZ and Jet-Fuel Services

Under federal law, jet fuel in “foreign status” is exempt from duties and from state and local sales and excise taxation. “Foreign status” jet fuel refers to jet fuel that is either: (1) imported under customs bond without the payment of duty for use on aircraft engaged in international or other qualified flights; or (2)jet fuel produced in a domestic petroleum refinery that has been designated as a foreign-trade zone that is moved under bond for use on aircraft engage in international or other qualified flights. Foreign-status fuel is routinely stored in foreign-trade zones until withdrawn for use on qualified flights. We facilitate the admission and movement of foreign-status and bonded petroleum and petrochemical products in the U.S. and its territories and possessions.

Charter maintains a proprietary Fuel Inventory Tracking System (FITS) that enables it to collect, maintain and process data related to the receipt, storage and use of foreign-status jet fuel as well as generate the records and reports needed for customs compliance. Charter’s clients consist of major U.S. and foreign airlines, major U.S. petroleum companies that supply jet fuel, and airport consortia, which are owned by the airlines and operate jet-fuel storage and delivery facilities at and adjacent to major airports.

FTZ AND BONDED WAREHOUSE

Maximize your benefits

Achieving customs duty and tax savings using the FTZ or bonded warehouse programs can be complex.  It requires a thorough understanding of a company’s customs duty, associated tax profile, and how the program rules will apply. Additionally, optimizing a company’s customs duty and tax position often involves utilizing a combination of programs, such as FTZ and drawback, each with its own set of requirements. Some rules are specific to commodities such as petroleum, alcohol, and tobacco. Some of the rules depend on the product’s origin and the type of duty being assessed, like antidumping and countervailing duties or duties assessed under Section 301 of the Trade Act of 1974 or Section 232 of the Trade Expansion Act of 1962.  The impact of these programs on state and local taxes, as well as requirements to achieve tax savings, can vary by location.

Charter has the experience to help you navigate the rule sets and plan your operations to achieve savings best.  With the planning in place, Charter is your one-stop shop to help you execute the plan.  We can guide you as your company proceeds with the plan or can provide a turnkey solution with Charter resources to handle ongoing operations. 

If FTZ or bonded warehouse use might benefit your company, contact Charter.

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Learn about our FTZ & Bonded Warehouse Services

  • Charter Brokerage does not handle non-commercial, personal, non-business related imports. For questions regarding individuals, travelers or personnel effects to and from Canada, please contact CBSA at 1-800-461-9999.