Whisky Bond
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Whisky Bond
A whisky bond, a type of bonded warehouse A bonded warehouse, or bond, is a building or other secured area in which dutiable goods may be stored, manipulated, or undergo manufacturing operations without payment of duty. It may be managed by the state or by private enterprise. In the ..., is a building where whisky on which excise duty has not yet been paid is stored under lock and key. The Cheapside Street whisky bond fire in Glasgow on 28 March 1960 was Britain's worst peacetime fire services disaster. There are four common types of bonded warehouses used for whisky casks: dunnage, racked, pallet, and rackhouse. Dunnage warehouses A dunnage warehouse is the traditional type of warehouse used for maturing whisky in Scotland and some are still in use today. Dunnage warehouses are often on site at the distillery, or close nearby, and generally have a small capacity.  Dunnage warehouses are low in height with thick walls and an earth floor – the walls are traditionall ...
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Bonded Warehouse
A bonded warehouse, or bond, is a building or other secured area in which dutiable goods may be stored, manipulated, or undergo manufacturing operations without payment of duty. It may be managed by the state or by private enterprise. In the latter case a customs bond must be posted with the government. This system is widely used in developed countries throughout the world. Upon entry of goods into the warehouse, the importer and warehouse proprietor incur liability under a bond. This liability is generally cancelled when the goods are: *exported; or deemed exported; *withdrawn for supplies to a vessel or aircraft in international traffic; *destroyed under Customs supervision; or *withdrawn for consumption domestically after payment of duty. While the goods are in the bonded warehouse, they may, under supervision by the customs authority, be manipulated by cleaning, sorting, repacking, or otherwise changing their condition by processes that do not amount to manufacturing. Af ...
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Cheapside Street Whisky Bond Fire
The Cheapside Street whisky bond fire in Glasgow on 28 March 1960 was Britain's worst peacetime fire services disaster. The fire at a whisky bond killed 14 fire service and 5 salvage corps personnel. This fire was overshadowed only by a similar fire in James Watt Street (also in Glasgow) on 19 November 1968, when 22 people died. Fire On the evening of 28 March 1960, a fire started in a bonded warehouse owned by Arbuckle, Smith and Company in Cheapside Street, Anderston, Glasgow. The Glasgow Fire Service was initially alerted by a 999 call at 7:15 pm from the foreman of the Eldorado Ice Cream Company, which was near the whisky bond. He reported smoke coming from a second floor window of the warehouse. In response, two pumps from West Station with Sub Officer James Calder in charge were sent, along with a turntable ladder from Central Station. Also responding initially was the fire boat ''St Mungo'' and a salvage tender and crew from the Glasgow Salvage Corps. The first fir ...
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Freight Transport
Freight transport, also referred as ''Freight Forwarding'', is the physical process of transporting commodities and merchandise goods and cargo. The term shipping originally referred to transport by sea but in American English, it has been extended to refer to transport by land or air (International English: "carriage") as well. "Logistics", a term borrowed from the military environment, is also used in the same sense. Modes of shipment In 2015, 108 trillion tonne-kilometers were transported worldwide (anticipated to grow by 3.4% per year until 2050 (128 Trillion in 2020)): 70% by sea, 18% by road, 9% by rail, 2% by inland waterways and less than 0.25% by air. Grounds Land or "ground" shipping can be made by train or by truck (British English: lorry). In air and sea shipments, ground transport is required to take the cargo from its place of origin to the airport or seaport and then to its destination because it is not always possible to establish a production faci ...
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Customs Duties
A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods. Besides being a source of revenue for the government, import duties can also be a form of regulation of foreign trade and policy that taxes foreign products to encourage or safeguard domestic industry. '' Protective tariffs'' are among the most widely used instruments of protectionism, along with import quotas and export quotas and other non-tariff barriers to trade. Tariffs can be fixed (a constant sum per unit of imported goods or a percentage of the price) or variable (the amount varies according to the price). Taxing imports means people are less likely to buy them as they become more expensive. The intention is that they buy local products instead, boosting their country's economy. Tariffs therefore provide an incentive to develop production and replace imports with domestic products. Tariffs are meant to reduce pressure from foreign competition and red ...
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