A Free Trade Zone (FTZ) can be described as a specific region within a nation’s borders where merchandise can be brought in, warehoused, handled, and sent out again in accordance with particular customs rules, typically without the imposition of customs tariffs. These regions are frequently situated near significant maritime harbors, global air terminals, and the nation’s boundaries—locations that possess numerous geographical benefits for commerce.Read More
Find easy-to-understand explanations of the most common freight forwarding and shipment terms
Port of Exit
A port of exit is the place from which goods are exported from a country. It is usually a seaport, airport, or land border crossing point that serves as the official exit point for the merchandise being shipped out of a particular nation.
The port of exit is determined by the government agency responsible for overseeing international trade in that country and must be specified on export documents such as customs declarations and shipping manifests.