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Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
Free-trade zones can also be defined as labor-intensive manufacturing centers that involve the import of raw materials or components and the export of factory products, but this is a dated definition as more and more free-trade zones focus on service industries such as software, back-office operations, research, and financial services.
binnacle list A ship's sick list. The list of men unable to report for duty was given to the officer or mate of the watch by the ship's surgeon. The list was kept at the binnacle. bird farm United States Navy slang for an aircraft carrier. bite Verb used in reference to a rudder, as in "the rudder begins to bite". When a vessel has steerageway ...
A foreign-trade subzone is an area approved by the Foreign-Trade Zones Board for use by a specific company. Foreign-trade subzone companies enjoy all the same benefits as foreign-trade zone companies, but subzones are located outside existing general-purpose sites within 60 miles of the port of entry.
In May 2024, the Senate of the Philippines established the Special Committee on Philippine Maritime and Admiralty Zones, appointing Senator Francis Tolentino as its chair. This followed the unanimous approval of House Bill No. 7819 by the House of Representatives of the Philippines, which defined the maritime zones under Philippine jurisdiction ...
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The list encompasses adjacent maritime nations and territories with a special focus on the boundaries or borders which distinguish them. For purposes of this list, " maritime boundary " includes boundaries that are recognized by the United Nations Convention on the Law of the Sea , which includes boundaries of territorial waters , contiguous ...
Contiguous zone: Beyond the 12-nautical-mile (22 km) limit, there is a further 12 nautical miles (22 km) from the territorial sea baseline limit, the contiguous zone. Here a state can continue to enforce laws in four specific areas (customs, taxation, immigration, and pollution) if the infringement started or is about to occur within the state ...