HS Code 89080000: Vessels and Other Floating Structures for Breaking Up (Scrapping)

When it comes to international trade, HS codes play a crucial role in identifying and classifying different products. In this article, we will explore HS Code 89080000, which pertains to vessels and other floating structures for breaking up or scrapping.

Product Description

HS Code 89080000 specifically refers to vessels and floating structures that are used for breaking up or scrapping purposes. These structures are often no longer suitable for their original use and are dismantled to salvage valuable materials or components. This code helps customs authorities and traders identify and categorize these specific products.

Bound / MFN Duty Rate

The bound or most-favored-nation (MFN) duty rate for HS Code 89080000 is set at free. This means that when a country lowers trade barriers or opens up its market, it must apply the same duty-free treatment to vessels and floating structures for breaking up from all its trading partners. This promotes fair and equal trade practices among nations.

Quantity Unit

The quantity unit for HS Code 89080000 is metric tons (T). This unit of measurement is used to determine the weight or volume of the vessels or floating structures being imported or exported.

Special Tariff Preference Programs

Several special tariff preference programs provide duty-free treatment for vessels and floating structures for breaking up under HS Code 89080000. These programs include:

Generalized System of Preferences (GSP): This program offers duty-free treatment for eligible products from developing countries.
Australia Special Rate: Vessels and floating structures from Australia receive a special rate of duty-free treatment.
Bahrain Special Rate: Bahrain has a special rate of duty-free treatment for these products.
NAFTA for Canada: Under the North American Free Trade Agreement (NAFTA), vessels and floating structures from Canada receive duty-free treatment.
Chile Special Rate: Chile offers a special rate of duty-free treatment for these products.
Caribbean Basin Initiative (CBI): Vessels and floating structures from eligible countries in the Caribbean Basin receive duty-free treatment under this program.
Israel Special Rate: Israel provides duty-free treatment for these products.
Andean Trade Preference Act (ATPA): This program offers duty-free treatment for eligible products from Andean countries.
Jordan Special Rate: Jordan provides a special rate of duty-free treatment for vessels and floating structures for breaking up.
Morocco Special Rate: Morocco has a special rate of duty-free treatment for these products.
NAFTA for Mexico: Under NAFTA, vessels and floating structures from Mexico receive duty-free treatment.
Oman Special Rate: Oman offers a special rate of duty-free treatment for these products.
Dominican Republic-Central American Special Rate (DR-CAFTA): Vessels and floating structures from eligible countries in the Dominican Republic-Central America region receive duty-free treatment.
Peru Special Rate: Peru provides a special rate of duty-free treatment for vessels and floating structures for breaking up.
Singapore Special Rate: Singapore offers a special rate of duty-free treatment for these products.

Importing US States

The following US states have been identified as importers of vessels and floating structures for breaking up under HS Code 89080000:

Rhode Island
Georgia
Rhode Island

Exporting US States

The following US states have been identified as exporters of vessels and floating structures for breaking up under HS Code 89080000:

New Hampshire
Vermont
Vermont
Minnesota
Minnesota
Minnesota
Minnesota
Minnesota
Puerto Rico
North Carolina

HS Code 89080000 plays a crucial role in international trade by facilitating the identification, classification, and regulation of vessels and floating structures for breaking up. Understanding the associated duty rates and special tariff preference programs allows traders to navigate the global market more effectively and take advantage of available benefits.