free port

Definition of "free port"
  1. A specific area at a seaport exempted from customs duties for import goods
How to use "free port" in a sentence
  1. The shipment remained in the free port until paperwork was completed.
  2. Companies often store imported goods in a free port to avoid hefty duties.
  3. The free port facilities enhance global trade by lowering costs.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z