Simple English definitions for legal terms
Read a random definition: tax rate
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.