Duty free import of containers

Duty-free import of containers requires a continuity bond securing re-export and covering only the duty element.

Duty-free import of containers is conditional on execution of a continuity bond by shipping lines, NVOCCs, steamer agents or authorised representatives, binding them to re-export containers within the temporary import period; the bond covers only the duty element of containers, requires no bank guarantee, may be valid for a year and extendable, and monitoring of the importation period remains manual until an automated matching module is deployed.