FREEPORT

• USFEP
• Latitude: 38.4592
• Longitude: -121.503
• US West Coast
• Marina in US

Location: US

Freeports in the U.S., also known as Foreign Trade Zones (FTZs), are secured areas located in or near ports of entry where commercial merchandise, both domestic and international, can be stored, handled, manufactured, or reconfigured without being subject to customs duties upon entry. Various Freeport zones are tailored to suit different industries and logistical needs, but here is a general description and some typical specifications:

General Overview:

1. Location and Accessibility:

   • Strategically located near significant maritime ports, airports, and highways for ease of import and export.
   • Provides seamless integration with global supply chains.

2. Regulatory Framework:

   • Operates under the supervision of the U.S. Customs and Border Protection (CBP).
   • Often managed by local port authorities or private corporations under federal regulations (19 CFR 146).

3. Operations:

   • Suitable for storage, assembly, manufacturing, testing, and processing activities.
   • Offers deferred, reduced, or eliminated customs duties on goods depending on the country of final destination and the nature of operations performed.

Typical Specifications:

1. Facilities:

   • Warehousing: Climate-controlled warehouses, bulk storage facilities, and specialized storage (e.g., for hazardous materials).
   • Container Yards: Extensive container storage areas with advanced handling equipment.
   • Security: 24/7 security, surveillance systems, and restricted access to ensure the safety of goods.

2. Infrastructure:

   • Docking: High-capacity berths accommodating large vessels.
   • Cranes: Gantry cranes, mobile harbor cranes, and reach stackers for efficient cargo handling.
   • Transportation: Rail and road connections for efficient inland distribution.

3. Services:

   • Customs Brokerage: On-site customs brokers to facilitate smooth documentation and clearance processes.
   • Bonded Warehousing: Allows goods to be stored without immediate payment of customs duties.
   • Logistics and Distribution: Value-added services like labeling, packaging, and distribution.

4. Technology:

   • Inventory Management: Real-time inventory tracking systems to manage stock efficiently.
   • Automated Systems: Integrated customs software for expedited processing and compliance.

5. Areas and Zoning:

   • General-Purpose Zones: Areas designated for multiple users and activities such as warehousing, distribution, and light assembly.
   • Subzones: Specific areas for individual companies with specialized needs, often tailored for manufacturing or heavy industrial activities.

Examples:

Different states' ports may operate their own FTZs, such as:

1. Port of Houston (FTZ 84):

   • Comprehensive services for oil and gas, petrochemicals, manufacturing, and more.
   • Advanced logistics facilities and close proximity to major global trade routes.

2. Port of Los Angeles (FTZ 202):

   • One of the busiest ports with extensive international trade.
   • Significant infrastructure for container traffic and intermodal transport options.

3. Port of Miami (FTZ 281):

   • Key gateway for trade with Latin America and the Caribbean.
   • Sophisticated facilities for both perishable goods and manufactured items.

4. Port of New York/New Jersey (FTZ 49):

   • Extensive network of facilities supporting one of the largest trading areas in the U.S.
   • Advanced security measures and diverse logistics solutions.

Specific Benefits:

1. Cost Savings:

   • Duty Deferral: Custom duties and federal excise taxes deferred until goods enter U.S. commerce.
   • Duty Reduction: Lower duty rates for goods processed within the zone.
   • Duty Elimination: No duties on goods re-exported from the zone.

2. Enhanced Flexibility:

   • Flexible storage options for both short-term and long-term needs.
   • Ability to manage inventory and improve cash flow through strategic storage and processing.

3. Operational Efficiency:

   • Streamlined customs procedures reduce delays and enhance supply chain efficiency.
   • Enhanced ability to respond to changing market demands with flexible inventory management.

Freeports in the U.S. ideally support businesses engaged in international trade by reducing costs, boosting operational efficiency, and providing enhanced flexibility in handling goods.