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TeachMeFinance.com - explain Bonded petroleum imports Bonded petroleum imports The term 'Bonded petroleum imports' as it applies to the area of energy can be defined as ' 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 These imports are not included in the import statistics until they are (1) withdrawn from storage free of duty for use as fuel for vessels and aircraft engaged in international trade; or (2) withdrawn from storage with duty paid for domestic use'. Previous 5 Terms: bombic Bombs bombycine BON Bond Next 5 Terms: Bone coal Bone marrow stromal cells Bone marrow stromal stem cells (skeletal stem cells) Bone seeker bongo About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.