We have a non-bonded freight forwarder 8000 code. If in future we decide to become a bonded freight forwarder, what is the difference between the bonded freight forwarder and a bonded warehouse?

We have a non-bonded freight forwarder 8000 code. If in future we decide to become a bonded freight forwarder, what is the difference between the bonded freight forwarder and a bonded warehouse?

There are several types of bonds issued by the CBSA. To become a bonded freight forwarder, which basically is done by registering with the CBSA and posting the $25,000 freight forwarder bonded carrier code bond. To become a bonded Sufferance warehouse, you would need to comply with the Sufferance Warehouse regulations as outlined in Customs Memorandum D4-1-4 and post any bond they may require. Completely different businesses.

PS: Just to complicate matters, there are two types of Bonded Warehouses: Customs Sufferance Warehouses (D4-1-4) and Customs Bonded Warehouses (D7-4-4). Goods get authorized for release from a CW warehouse, or authorized to move in bond to a Customs Bonded warehouse for a period of up to 4 or 5 years, without payment of duties and taxes until such time as an ex-bond entry is submitted and released for either all or part of the goods.