Bonded Warehouse

Appears in
Oxford Companion to Wine

By Jancis Robinson

Published 2006

  • About

bonded warehouse, one in which no duty has been paid on the goods inside it. Prices for wines and, especially, spirits held in bond (IB) are therefore considerably lower than those quoted duty paid. It is sensible for any foreigner buying wine to store for possible shipment outside that country to buy it in bond.