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LSDefine

Simple English definitions for legal terms

free port

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A quick definition of free port:

A free port is a special type of port where goods can be delivered without having to pay import duties or taxes. This is because it is located outside of a country's customs frontier, meaning that customs officials do not have to check the goods. It is like a special zone where trade can happen more easily. Other types of ports include home ports, which are where a ship is registered or where its owner lives, and ports of call, which are places where a ship stops during a journey.

A more thorough explanation:

A free port is a port located outside a country's customs frontier. This means that goods can be delivered without being subjected to customs-control procedures and without paying import duties or taxes. It is also known as a free-trade zone.

An example of a free port is the Jebel Ali Free Zone in Dubai. It is a designated area where companies can import, export, and re-export goods without paying customs duties. This allows businesses to save money and operate more efficiently.

Another example is the Port of Hamburg in Germany. It is a free port that has been in operation since 1888. It allows for the storage, handling, and processing of goods without customs intervention.

These examples illustrate how a free port can benefit businesses by reducing costs and increasing trade opportunities.

free on board | free ride

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Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
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