The HS Code 84304940 refers to offshore oil and natural gas drilling and production platforms. These platforms are essential for the exploration, extraction, and production of oil and natural gas resources from offshore locations. They play a crucial role in meeting the energy demands of various countries around the world.
The product description for HS Code 84304940 is offshore oil and natural gas drilling and production platforms. These platforms are large structures that are installed in offshore oil fields to extract oil and gas reserves from beneath the seabed. They consist of various components such as drilling equipment, production facilities, and accommodation units for the crew.
The bound / MFN (Most Favored Nation) duty rate for HS Code 84304940 is free. This means that when a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This promotes fair and equal trade opportunities for all countries involved.
The quantity unit for HS Code 84304940 is kilograms (KG). This unit is used to measure the weight of the components and materials used in offshore oil and gas drilling platforms. It helps in determining the quantity of goods being imported or exported under this HS Code.
There are no specific special tariff preference programs mentioned for HS Code 84304940 in the provided data. However, it is worth noting that some countries may have specific trade agreements or preferential trade programs that provide certain benefits or reduced tariffs for goods imported under this HS Code.
The provided data includes a list of US states that import products under HS Code 84304940. These states are Arizona, Maine, North Dakota, Georgia, Kansas, Iowa, Maryland, Pennsylvania, Colorado, and District of Columbia. These states likely have a significant demand for offshore oil and natural gas drilling and production platforms to support their energy needs.
The provided data also includes a list of US states that export products under HS Code 84304940. These states are South Dakota, Arkansas, Illinois, Iowa, Kansas, North Carolina, North Dakota, and Wisconsin. These states likely have companies or industries involved in the manufacturing or assembly of offshore oil and gas drilling platforms.
HS Code 84304940 represents offshore oil and natural gas drilling and production platforms. These platforms are crucial for the extraction of oil and gas reserves from offshore locations. The provided data highlights the importing and exporting US states for products under this HS Code, indicating the significant demand and production capabilities in these regions.