Transit and warehousing are two basic elements of international transportation.

This essay hasn't yet been marked by one of our teachers

You can view 6 essays on UK, European & Global Economics that have been Marked by Teachers

The first 200 words of this essay...

Gontier Emilie November 2002

LEA 4 angl-esp

TECHNICAL TOPIC

Etude des Marchés Anglo-Saxons

Mr BENOIT

Transit and warehousing are two basic elements of international transportation that have to be taken into account seriously when a companies want to enter foreign trade. They are part of the customs suspending tax system established to ease clearance procedures. Customs transit and bounded warehousing are two customs systems created with the view of improving operations of logistics and strengthening the competitive situation of companies on international markets.

A. TRANSIT :

1. DEFINITION :

Generally speaking, transit defines all the means that allow a good to go through a special point (a pass, a port), changing the methods of transport if necessary. In this particular case, we are going to focus on customs transit which is used to facilitate the movement of goods between two points of a customs territory, via another customs territory, or between two or more different customs territories.

2. PURPOSE :

Time is money and so is transit. The main goal of customs transit is to go faster and faster, avoiding a waste of time and