HopefullyInLawSchool
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Simple English definitions for legal terms
duty of tonnage
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A quick definition of duty of tonnage:
Duty is something that you have to do because it is your responsibility or because someone else has a right to expect it from you. It can be a legal obligation or a moral one. There are different types of duties, such as active duty, passive duty, contractual duty, and fiduciary duty. Duty can also refer to a tax or charge imposed on goods or transactions, such as import duty or tonnage duty.A more thorough explanation:
Definition: A charge imposed on a commercial vessel for entering, remaining in, or leaving a port, usually assessed on the basis of the ship's weight.
Example: A cargo ship weighing 10,000 tons enters a port and is charged a duty of $10 per ton. The duty of tonnage for this ship would be $100,000.
This example illustrates how the duty of tonnage is calculated based on the weight of the ship. It is a tax imposed on commercial vessels for using a port's facilities. The duty of tonnage is a source of revenue for the government and helps to maintain the port's infrastructure.