Is Moto a Bonded Carrier? What exactly is a bonded Carrier?

If you're involved in the world of international trade and shipping, you've likely heard the term "bonded carrier" before. But what does it mean, and why is it important?

First, let's answer the question: Is Moto a bonded carrier?

The answer is yes - Moto is both a U.S. Customs Bonded and a Canada Customs Bonded Carrier. This means that we have met certain requirements and obtained the necessary bonds to legally transport and store goods across international borders.

So, what exactly is a bonded carrier?

Put simply, a bonded carrier is a carrier that has obtained a bond from a government agency (in this case, U.S. Customs and/or Canada Customs) that allows them to transport and store goods in a secure and regulated manner. This bond serves as a guarantee that the carrier will comply with all applicable laws and regulations, and that any duties, taxes, or penalties owed to the government will be paid.

Why is having a bonded carrier important? 

Having a bonded carrier is important because it provides an added layer of security and trust for both the government and the shipper. By working with a bonded carrier, shippers can feel confident that their goods are being transported and stored in a secure and compliant manner. And for the government, having bonded carriers helps to ensure that they can collect any necessary duties, taxes, or penalties owed without risking the loss of the goods.

Does Moto have bonded warehouses? 

Yes - we have bonded warehouses in Surrey, BC, Calgary, AB, and Toronto, ON. However, we do not have bonded warehouses in the U.S.

What are bonded warehouses? 

Bonded warehouses are facilities that have been approved by customs agencies to store goods that are in transit. These facilities are subject to strict regulations and must meet certain security and safety standards. By using a bonded warehouse, shippers can store their goods without paying duties or taxes until they are ready to be released for delivery.

In summary, being a bonded carrier is an important designation in the world of international shipping, and Moto is proud to have obtained this status. And if you're in need of secure and compliant storage for your goods in Canada, you can feel confident in utilizing Moto's bonded warehouse facilities.