The CFW gives approved logistics operators the flexibility to bulk-break their LCL (Less Container Load) containers in their own premises with GST suspended, instead of doing it in Free Trade Zones (FTZs).

Who can operate a Container Freight Warehouse?

A CFW may be operated by a logistics operator who wishes to conduct bulk breaking and consolidation operations on LCL cargoes outside the FTZs.

Do I need to pay a fee for the licence?

An annual licence fee is payable upon issue of the licence. The annual licence fee payable is $4,000.

What are the responsibilities of a Container Freight Warehouse Licensee?

1.      To be responsible and accountable for all the goods held in the warehouse.

2.      To ensure inventory records are correct and up-to-date at all times and keep Customs informed immediately if discrepancy is found.

3.      To ensure timely and accurate reconciliation of all goods and submit a monthly reconciled report to Customs within the prescribed period.

4.      All import, export and removal of goods must be covered by relevant Customs permits lodged through the TradeNet system.

5.      To ensure all goods residing in CFW are kept not longer than 14 days from the date of unstuffing.

6.      A full and comprehensive inventory audit on the system and controls of goods must be conducted by an external auditor at least once a year prior to licence renewal.

 
Customs Stock Checks

 Customs may conduct periodic audits, including spot checks on the physical stocks stored in the licensed premises.