free port definition

  • noun:
    • A port or a location of a port in which imported goods is held or prepared without customs obligations before reexport.
    • See under Free.
    • a port available on equal terms to all the commercial vessels
    • an area adjoining a port where goods that are intended for reshipment is obtained and stored without repayment of tasks
  • adjective:
    • A port in which products of all of the kinds are gotten from ships of nations at equal prices of responsibility.

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