HS Code 89059010: Floating Docks
Floating docks are a type of structure used in maritime environments to provide a stable platform for various activities, such as ship docking, boat storage, and water recreation. This article will explore the HS code 89059010, which specifically refers to floating docks, and provide detailed information about its product description, import/export data, and tariff preference programs.
Product Description:
The HS code 89059010 classifies floating docks, which are structures designed to remain buoyant on water, providing a platform for boats, ships, and other watercraft. These docks are typically made of durable materials such as steel, concrete, or plastic, and they are engineered to withstand the forces of water currents, waves, and weather conditions. Floating docks are widely used in marinas, ports, and waterfront properties for their versatility and ease of installation.
Bound / MFN Duty Rate:
The bound or most-favored-nation (MFN) duty rate for floating docks under HS code 89059010 is free. This means that when a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. The duty-free treatment encourages international trade by eliminating or reducing tariffs on floating docks, making them more accessible and affordable for importers.
Quantity Unit:
The quantity unit for floating docks under HS code 89059010 is metric tons (T). This unit of measurement is commonly used in international trade to quantify the weight or volume of goods being imported or exported. In the case of floating docks, the metric ton measurement allows for accurate tracking and documentation of the quantity being transported.
Special Tariff Preference Programs:
Under HS code 89059010, floating docks are eligible for various special tariff preference programs, providing additional benefits to importers and exporters. The following programs offer duty-free treatment or special rates for floating docks:
- Generalized System of Preferences (GSP): This program grants duty-free treatment for floating docks from eligible beneficiary countries.
- Australia Special Rate: Australia has a special rate for floating docks, offering favorable tariff conditions for trade between Australia and the importing country.
- Bahrain Special Rate: Bahrain provides a special rate for floating docks, allowing for reduced or eliminated tariffs on imports and exports.
- NAFTA for Canada: Under the North American Free Trade Agreement (NAFTA), Canada enjoys duty-free treatment for floating docks traded with the United States.
- Chile Special Rate: Chile offers a special rate for floating docks, facilitating trade between Chile and the importing country.
- Caribbean Basin Initiative (CBI): This program provides duty-free treatment for floating docks from eligible Caribbean countries.
- Israel Special Rate: Israel grants duty-free treatment for floating docks, promoting trade between Israel and the importing country.
- Andean Trade Preference Act (ATPA): This program offers favorable tariff conditions for floating docks from eligible Andean countries.
- Jordan Special Rate: Jordan provides a special rate for floating docks, allowing for reduced or eliminated tariffs on imports and exports.
- Morocco Special Rate: Morocco offers a special rate for floating docks, facilitating trade between Morocco and the importing country.
- NAFTA for Mexico: Similar to Canada, Mexico enjoys duty-free treatment for floating docks traded with the United States under NAFTA.
- Oman Special Rate: Oman provides a special rate for floating docks, allowing for reduced or eliminated tariffs on imports and exports.
- Dominican Republic-Central American Special Rate (DR-CAFTA): This program offers favorable tariff conditions for floating docks from eligible countries in the Dominican Republic-Central America Free Trade Agreement.
- Peru Special Rate: Peru offers a special rate for floating docks, facilitating trade between Peru and the importing country.
- Singapore Special Rate: Singapore grants duty-free treatment for floating docks, promoting trade between Singapore and the importing country.
Importing US States:
Floating docks classified under HS code 89059010 are imported into various US states. The data shows that Rhode Island, Georgia, and Rhode Island again are the importing states for these docks. This indicates the demand for floating docks in these regions, possibly due to their coastal locations and active maritime industries.
Exporting US States:
On the other hand, the data reveals that floating docks under HS code 89059010 are exported from the US to several states. The exporting states include New Hampshire, Vermont, Minnesota (multiple occurrences), Puerto Rico, North Carolina, District of Columbia, and the Virgin Islands. This suggests that the US is a significant exporter of floating docks, catering to both domestic and international markets.
HS code 89059010 encompasses floating docks, which are versatile structures used in maritime environments. This code allows for the classification, tracking, and regulation of floating docks in international trade. The duty-free treatment and special tariff preference programs associated with this HS code aim to promote trade and facilitate the accessibility of floating docks worldwide. The import and export data demonstrate the demand and supply patterns of floating docks in various regions, highlighting their importance in marine industries and coastal development.
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