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 ?
The location of Gwadar is strategic and there is full potential of it to become a free port.
Nittsu Sinotrans will occupy distribution space at ProLogis Park Dalian Free Port, providing third-party logistics and transportation services to Canon Inc.
Summary: A huge fire broke out on the premises of Free Port Zone of Mina Zayed (Port Zayed) and engulfed four warehouses early afternoon on Monday.
The Free Port of Trieste is an Italian port on North Adriatic Sea in Trieste, Italy.
Fares from pounds 1,369 per person - with $200 per cabin on-board spending money and free port parking.
The free port covers an area of 305 hectares and has 49 berths, while the new free port was built in 2005 and covers an area of 293 hectares with 32 berths.
A free trade zone or export processing zone, also called foreign-trade zone, formerly free port is an area within which goods may be landed, handled, manufactured or reconfigured, and reexported without the intervention of the customs authorities.
Gawadar has all the features a free port should have and it should be developed as a free port on the lines with Dubai, Singapore and Hong Kong Ports," he added.
He said that Gwadar has all the ingredients to become a free port like Dubai, Hong Kong and Singapore.
has been authorized by Government to build and operate a free port and free trade zone.
Free market conditions started July 4, 1989 and had an influence on stocks in the free port of Trieste from around 1 million bags as normal average till highs of over 1.