Expand Your Marketing Opportunities
Qualifying foreign-flagged yachts admitted into Bradford Marine’s Foreign Trade Zone may be marketed and shown to prospective U.S. buyers while remaining within the FTZ. All showings and sales activity must comply with applicable U.S. Customs and Border Protection requirements and established FTZ procedures.
Greater Flexibility
FTZ status can provide greater flexibility for qualifying yachts being marketed for sale or undergoing approved maintenance, repair and service. Unlike certain temporary-importation programs, merchandise admitted into an FTZ is not generally subject to a fixed storage time limit; however, admission, continued residence and permitted activity remain subject to customs requirements, FTZ procedures and availability.
Duty Deferral and Potential Savings
Foreign-built yachts and eligible merchandise may be admitted into an FTZ before formal customs entry and payment of applicable U.S. duties. Duties are generally deferred unless and until the yacht or merchandise enters U.S. customs territory for domestic consumption. If it is exported directly from the FTZ, U.S. duties may not be payable.
Additional benefits, including possible duty drawback, may be available depending on the yacht’s import history, intended use and eligibility under applicable customs regulations.
Our experienced account managers and dedicated FTZ custodian can help coordinate the process with the appropriate customs professionals.
FTZ eligibility, permitted activities and potential duty benefits depend on the specific vessel and transaction and are subject to U.S. Customs and Border Protection requirements. Owners, brokers and their representatives should consult qualified customs professionals regarding their individual circumstances.
Bradford Marine’s experienced account managers and dedicated FTZ custodian help coordinate each qualifying vessel’s entry, stay and service within our Foreign Trade Zone.
Contact our team to discuss your vessel’s needs and learn how Bradford Marine’s FTZ capabilities may support its maintenance, repair, refit or marketing for sale. All FTZ activities are subject to eligibility, U.S. Customs and Border Protection requirements and established FTZ procedures.