Yusen obtains bonded status for warehouse in Mexico

Third-party logistics provider (3PL) Yusen Logistics Co. Ltd. said Tuesday it had gained bonded status for its warehouse near Celaya, Mexico, about 175 miles northwest of Mexico City, allowing customers to store cargo in the facility without immediate payment of duty and taxes.

The facility, known as the Bajio Logistics Center (BLC), includes a 53,280-square-foot warehouse and an ocean-container depot with capacity for 1,000 twenty-foot equivalent units (TEUs), designed to serve customers in the automotive industry, the Secaucus, N.J.-based company said.

The BLC will enable Yusen clients to lower the costs of importing goods into Mexico, Jordan Dewart, president of Yusen Logistics Mexico, said in a statement. A customs bonded warehouse is a secured area where imported dutiable merchandise may be stored, manipulated, or undergo manufacturing operations without payment of duty for up to two years from the date of importation. This enables companies to extend the payment of taxes until the moment in which the product is consumed or sold, allowing the importer to improve the flow of cash, the firm said.

Yusen offers warehouse services at the facility, including inventory management, sorting and repacking of goods, expiration supply management, customs brokerage services, storage in transit, reverse logistics management, export preparation, and other value-added services. The company also offers container depot services at BLC such as inventory control by specialized management system, domestic and bonded service, cargo weight certified (verified gross mass or VGM), quality-control inspection, maintenance and repair, container conditioning, and transportation port to port and door to door.