Binhai Logistics Group has established bonded warehouses at Dalian Free Trade Zone and Tianjin Binhai New Area to be used as bonded warehouse. Finished goods and production materials imported and stored in these bonded warehouses, which are subsequently exported out of the PRC or otherwise delivered out of the bonded warehouses for delivery to other bonded warehouses in the PRC within a prescribed period of one year in general, are not regarded as imported goods and therefore customers are not required to pay import duties and to apply for import certificates. This can lower the customers’ procurement costs and enhance customers’ competitiveness in terms of its logistics costs.
