Free Port definition

Free Port means a duty free area adjacent to a port of entry where imported goods may be unloaded for value-adding activities within the Special Economic Zone for storage, repackaging or processing, subject to customs import procedures.

Free Port means an area within a sea port or an inland dry port under the supervision of SLPA and declared by the regulations under this Act.

Free Port means the area declared in terms of Sri Lanka Ports Authority Act No. 51 of 1979 and declared in terms of the Air Navigation Regulation of 1955.

Examples of Free Port in a sentence

• Other common terms for these designated trade-promotion areas are Free Economic Zones (FEZ), Export Processing Zone (EPZ), Free Port (FP), Industrial Free Zone (IFZ), Technological Free Zone (TFZ), and Special Economic Zone (SEZ).

• The enterprise has concluded agreements for land and pier lease with Riga Free Port authority.

• Apart from the license, the company had entered into a real estate purchase agreement on 30 April 2003 whereby the Riga Free Port Authority sold to BCT, which acquired, full ownership of all yards within the boundaries of the BCT terminal (excluding the quay), together with all underlying communications, warehousing facilities, parking and paved areas surrounding said warehouses, and covered rail ramps.

• The lease agreement for land and port infrastructure was initially concluded on 16 November 2006 between Trans Cargo Terminal SRL and Danube Logistics SRL, the general investor and operator of Giurgiulesti International Free Port, and has several addendums concluded afterwards.

• BCT operates at the Riga Free Port No. 48 under a port concession license issued by the Riga Free Port Authority which expires on 22 March 2047.

• A Free Port is a duty-free area within the political boundaries of a nation”83.

• The international law provisions concerning the Free Port have not by express agreement or any other obvious mechanism ceased to have effect.

• The Mesurado site is behind the Free Port of Monrovia, and is relatively far from the city center: there are neither coastal dwellings nor socio-economic activities.

• The Peace Treaty includes certain provisions respecting the Free Port that nevertheless could be applied by any govern- ment administering the Free Territory, whether or not oth- erwise constituted in accordance with the Peace Treaty.Goods transiting the Free Port are free from any customs duties or charges ‘other than those levied for services rendered’ (Annex VIII, Article 5, para.

• However, The Naval Shipping Lists of Jamaica illustrate how before and after the passing of the Free Port Act of Jamaica and Dominica; Atlantic and Caribbean merchants utilized Jamaica as a trading entrepôt to transport goods and enslaved Africans to other circum-Caribbean ports.

More Definitions of Free Port

Free Port means an area within a sea port or an inland dry port operated under the supervision of the Sri Lanka Ports Authority and declared by regulations under this Act;

Free Port. A restricted area at a seaport for the handling of duty-exempted import goods. Also called a Foreign Trade Zone. Free Trade Zone : A port designated by the government of a country for duty-free entry of any non-prohibited goods. Merchandise may be stored, displayed, used for manufacturing, etc., within the zone and re-exported without duties. Freight : Refers to either the cargo carried or the charges assessed for carriage of the cargo.

Free Port means an island or geographical area aimed at tourism, retail trade, on-site residential and related utilities infrastructure and services; and entitled to Incentives.

Free Port means activities including tourism and retail sales, permit on-site residence, and providing a broader set of incentives and benefits;

Free Port means an international entry point which has been designated as a tax free area, where all port related services are performed without taxation, and where imported and locally made goods and services are bought and sold without imposition of import duties and sales related taxes; a free port is equivalent to a free trade zone;

Free Port means a duty free area adjacent to a port of entry where imported goods may be unloaded for value-adding activities within the Special Economic Zone for storage, repackaging or processing, subject to customs procedures and “value adding” or “value added” includes the enhancement of, packaging or re-packaging of and beneficiation added to a product before the product is offered to the end-user.