LAC, a corporation in Qingdao
Operates warehouse storage, customs clearance, quarantine and forwarding services through logistics warehouses located in bonded warehouse in Qingdao, China, providing effect of reducing logistics costs through early refund of export tax rebate and prompt customs clearance. Bonded logistics district is a special zone where logistics districts located in China is considered and operated as a region outside of border of China like Hong King. When the cargo enters the bonded logistics district, it is recognized as export, and when the cargo sends to other regions in China, it is recognized as import. Therefore, tariff and export tax rebate are exempted unlike existing bonded districts, reducing logistics costs as a region of prompt clearance.