free port

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Free Port

A port where ships can dock and unload goods without paying tariffs or other fees on those goods. The goods can be held duty-free at the free port for a certain period of time, though generally they must be re-exported at the end of the period. Free ports may be used to make final improvements on unfinished goods.

free port

see FREE TRADE ZONE.
References in periodicals archive ?
16) There were several hearings and petitions filed concerning the opening of free ports in Jamaica.
It argues that the minor ports, as represented by Lucca, Montego Bay, and Savanna-la-Mar, became important places to trade after the passing of the Free Port Act of 1766.
In 1766, Britain's Parliament passed the Free Port Act of Jamaica, which declared four ports--Kingston, Lucea, Montego Bay, and Savanna-la-Mar--as "free trade" ports, whereby merchants in Jamaica were legislated to interact without penalty with neighbouring Caribbean and American colonies.