x Are you interested and need to learn about the CFS warehouse model? What types of goods are stored in this warehouse? x Many export and import businesses cannot distinguish between CFS warehouses and Bonded Warehouses, what is the difference? x You don't know about the tasks and service activities commonly provided in CFS warehouses?
During the import and export process of goods, there will be some types of goods that will have to be in the CFS warehouse waiting for necessary paperwork and procedures. So, do you know what CFS warehouse is? If not, let's join Proship.vn to learn about CFS warehouses, what bonded warehouses are and what is the difference between them below.
CFS warehouse: Concept and types of warehoused goods
What is CFS warehouse?
What is CFS warehouse? CFS warehouse in English is abbreviated as "Container Freight Station". In Vietnam, CFS is simply understood as retail delivery point. In common terms, CFS warehouse is a warehouse and yard system used to collect and separate retail goods, also known as LCL goods (Less than container load).
CFS stands for "Container Freight Station" and is a retail delivery point, a warehouse system used to collect and separate LCL cargo.
All types of goods are stored in CFS warehouse
According to the Customs Law 2024, Article 61, Clause 3 clearly stipulates cases where goods can be stored in CFS warehouses, including:
Exported goods that have completed customs procedures or have registered customs declarations are brought into the CFS warehouse for physical inspection;
Imported goods have not yet gone through customs procedures.
Compare CFS warehouse with bonded warehouse
CFS warehouse and bonded warehouse with similarities and differences are clearly indicated:
CFS warehouse (Container Freight Station) is also known as a retail consolidation point.
What is CFS warehouse? A warehouse system used in import and export activities for the purpose of collecting and separating LCL goods (LCL goods) to transfer to the same Container and carry out transportation activities.
Bonded warehouse, also known as Bonded Warehouse.
What is a bonded warehouse? Is a warehouse system built and established in the territory of Vietnam. The warehouse is separated from the surrounding area by barriers to carry out storage, preservation and other services for goods from abroad and domestic goods brought into the warehouse under a foreign warehouse lease contract. relationship between the goods owner and the warehouse owner.
Warehouse activities
Stored goods are packaged and arranged. Some goods may be repackaged and re-arranged while awaiting export.
Goods are divided and combined with many other shipments into one container for goods in transit, transshipment and export.
Imported goods are broken down into small pieces to carry out import procedures into a country's domestic market.
Pack and assemble goods into export containers to prepare for shipment to a third country.
Change ownership of shipment.
Reinforcement of goods; Classify and preserve goods according to regulations.
Divide goods into many small lots or combine and combine many lots of goods together. Packaging for goods.
Take samples of goods to provide to the warehouse management unit and carry out customs procedures.
Make changes and transfer ownership of the shipment.
For specialized warehouses licensed to store petroleum, chemicals, and specific goods, they can be converted and mixed without affecting the goods and the surrounding environment.
Carry out import and export procedures for goods in the warehouse.
Goods storage time
Goods are stored at the CFS warehouse for no more than 90 days from the date they are brought to the retail collection point.
In cases where there is a legitimate reason and approval by the Director of the directly managing Customs Branch, the extension can be extended once for no more than 90 days.
Goods are stored in bonded warehouses for no more than 12 months from the date they are placed in the bonded warehouse.
In cases where there is a legitimate reason and is approved by the Director of the Customs Department directly managing it, it can be extended again but not to exceed 12 months.
Type of storage
Imported goods but not yet cleared through customs procedures.
Exported goods have completed customs declaration procedures or are in the process of completing declaration registration and are brought into the CFS warehouse for physical inspection.
Goods are waiting for procedures to be completed to be eligible for distribution into the Vietnamese market.
Goods in transit are stored in Vietnamese warehouses and prepared to carry out export procedures to other countries.
Domestic goods have completed customs procedures and are ready to be exported to other countries.
Goods have expired and must be re-exported.
Goods must be re-exported according to regulations.
Customs procedures
For goods at retail consolidation points, two types of customs procedures will be carried out:
Customs procedures for exported goods.
Customs procedures for imported goods.
For goods stored in bonded warehouses, there will be 5 types of customs procedures:
Customs procedures for goods from foreign countries imported into bonded warehouses.
Customs procedures for goods coming from non-tariff zones or inland and entering bonded warehouses.
Customs procedures for goods exported from bonded warehouses to outside countries.
Customs procedures for goods exported from bonded warehouses and imported into the inland or non-tariff zone.
Customs procedures for goods exported from this bonded warehouse to be transferred to a warehouse system in another area.
The difference between a CFS warehouse and a Bonded Warehouse is reflected in the activities taking place at the warehouse, customs procedures, types of goods stored in the warehouse, storage time of goods in the warehouse,...
*** Proship Joint Stock Company has been working with Cai Mep Logistics Joint Stock Company, Yes4all Company and Tan Cang - Cai Mep Joint Stock Company to provide Bonded Warehouse Rental to help optimize Optimizing logistics supply chains for import-export businesses. Proship bonded warehouse is currently located in Phu My, Cai Mep - Vung Tau.
What services are provided at the CFS warehouse system?
In the CFS warehouse, there will be all the functions of dividing, separating, and packaging goods to serve international import and export goods, including:
Transfer of ownership of goods during storage;
Services of packing, arranging and storing goods;
Services of separating shipments and combining goods with other export shipments to export to third countries;
Separation and packing services in containers/uld for goods in transit, transshipment waiting for export or packing with other Vietnamese goods.
Activities in CFS warehouse include packing, arranging, storing goods, separating and combining goods into a container, transferring ownership of goods during storage, etc.
In addition to the main services mentioned above, the CFS warehouse service provider provides other accompanying services such as transportation, goods agency, distribution, warehouse,...
Proship Logistics has helped import-export businesses understand what a CFS Warehouse is , what a bonded warehouse is, etc. At the same time, we also know the difference between a bonded warehouse and a CFS warehouse to have the right storage options. fit. When you need to rent a Bonded Warehouse, contact 0909 344 247 to get the earliest quote.
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Bao Yen
Bao Yen is the editor of Proship.vn with many years of experience in the fields of transportation, logistics, import-export, and will bring readers the most useful information and knowledge.
