Home > Term: bonded petroleum imports
bonded petroleum imports
Petroleum imported and entered into Customs bonded storage. These imports are not included in the import statistics until they are (1) withdrawn from storage free of duty for use as fuel for vessels and aircraft engaged in international trade; or (2) withdrawn from storage with duty paid for domestic use.
- Part of Speech: noun
- Industry/Domain: Energy
- Category: Coal; Natural gas; Petrol
- Company: EIA
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