Temporary Deposit vs Simple Deposit

18 October, 2024

TEMPORARY DEPOSIT VS SIMPLE DEPOSIT: WHICH IS THE BEST OPTION FOR YOUR LOGISTICS?

In the world of logistics and international trade, choosing the right type of deposit can make a difference in terms of costs, efficiency, and customs compliance. Two of the most common options that often raise doubts are the temporary deposit and the simple deposit. In this guide, we explain the main differences between both and which one may be more suitable for your needs.

What is a Temporary Deposit?

A temporary deposit is a space designated for storing goods that have not yet been cleared by customs, meaning they are in transit or waiting to complete customs procedures. This type of storage has a time limit during which the goods can remain in the deposit while the customs clearance process is completed.

What is a Simple Deposit?

A simple deposit is an authorized customs warehouse where goods that have already been nationalized or do not require additional procedures can be stored. The goods here can be for import or export, and are generally not subject to a time limit, allowing for long-term storage.

Key Differences Between Temporary Deposit and Simple Deposit

Feature

Temporary Deposit

Simple Deposit

Purpose

 Storage while awaiting customs clearance Storage of nationalized goods or goods ready for export

Storage Time

 Limited (varies according to local regulations) No time limit, depends on the contract

Goods

 Goods in transit or not cleared Cleared goods or goods ready for export

Customs Intervention

 Yes, while customs clearance is completed No, goods have already been nationalized or cleared

Costs

 Generally higher due to short term and customs intervention Generally more economical for long-term storage

Accessibility

 Limited until customs procedures are completed More free access for distribution or export

Advantages of Each Option

Temporary Deposit:
  • Ideal for imports with pending customs clearance processes
  • Useful when goods need to remain in a country before being re-exported or nationalized.
  • Allows for time gain while managing customs permits or inspections.
Simple Deposit:
  • Perfect for long-term storage of goods without customs procedures pressure.
  • More economical if you don’t need to release the goods immediately.
  • Offers flexibility to manage inventory or plan distribution.

Which One to Choose?
The choice between temporary deposit and simple deposit depends on your logistics needs:

  • If your goods have not completed the customs clearance process and you need to store them for a short time, temporary deposit is your best option.
  • If your products are already ready to be distributed or exported and you’re looking for a storage solution without time restrictions, simple deposit will be more suitable.

Conclusion
Understanding the differences between temporary deposit and simple deposit is key to optimizing your logistics. Consider the status of your goods, delivery times, and costs before making a decision. Good planning can save you time and money!

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