Types of Warehouses

On the basis of Ownership

a. Private warehouses: These are owned by individuals, large business houses or wholesalers for the storage of their own stocks. They also store the products of others.

b. Public warehouses: These are the warehouses, which are owned by the govt. and are meant for the storage of goods.

c. Bonded warehouses: These warehouses are specially constructed at a seaport or an airport and accept imported goods for storage till the payment of customs by the importer of goods. These warehouses are licensed by the government for this purpose. The goods stored in this warehouse are bonded goods. Following services are rendered by bonded warehouses:

i. The importer of goods is saved from the botheration of paying customs duty all at one time because he can take delivery of the goods in parts.

ii. The operation necessary for the maintenance of the quality of goods - spraying and dusting, are done regularly.

iii. Entrepot trade (re-export of imported goods) becomes possible.