Sellers benefit from the FTZ by now having a place to locally and legally show foreign-flagged vessels to U.S. buyers. Foreign-made newbuilds can be brought into the FTZ without the need to pay the typical and significant 1.5- percent import duty.
Foreign-Trade Zones (FTZ) are secured, designated locations around the United States in or near a U.S. Customs Port of Entry where foreign and domestic merchandise is generally considered to be in international commerce and outside of US Customs territory. As a result, activated businesses in an FTZ can reduce or eliminate duty on imports and take advantage of other benefits to encourage foreign commerce within the United States.
FTZ provided many benefits to owners looking to sell their vessel to U.S. buyers or have them repaired in local marinas. In the zones, vessels are able to come and go as they please on charters or owner’s trips. Newly built yachts that have entered the U.S. within three years can use the zone to file for a refund on previously paid duties.
Back in January of 2017 the United States Customs and Border Protection officers, MIASF, US Immigration Services and key industry players with more than a dozen shipyards, suppliers and marina companies met to determine the inner workings of the zone at each proposed location. Locations designated as FTZ include LMC, Bahia Mar in Fort Lauderdale, Safe Harbor Newport Shipyard and the Port of Seattle – among others.
This fall, Seattle’s waterfront will once again come alive with luxury, innovation, and adventure as the Seattle Boats Afloat Show returns to Lake Union Piers from September 11th to 14th, 2025. Hosted in one of the Pacific Northwest’s most iconic marine venues, this in-water show offers an opportunity to explore some of the most distinguished yachts on the market—all steps from the heart of the city.
Worth Avenue Yachts will showcase its expertise in yacht brokerage at the 2025 Newport International Boat Show, taking place September 11–14 in Newport, Rhode Island. Positioned in the Brokerage Basin, the team will present a selection of used yachts for sale while offering personalized guidance to buyers and sellers. As one of the premier yacht brokerages, Worth Avenue Yachts brings unmatched service, local knowledge, and global reach to this prestigious in-water event.
Worth Avenue Yachts is proud to participate in the Monaco Yacht Show 2025, held September 24–27 in Port Hercule. Join our team in Monaco as we share expert insight into yacht sales, charter opportunities, and new construction at the world’s premier luxury yachting event.
Step aboard PILOT LOUNGE, a stunning 91’ Horizon yacht celebrated for its refined design, exceptional crew, and thoughtfully tailored charter experiences. With a recent 2024 refit and a reputation for delivering effortless luxury, this guest-favorite yacht is perfectly suited for cruising the crystal-clear waters of Florida and the Bahamas. Whether for day escapes or extended getaways, PILOT LOUNGE offers the ideal balance of relaxation, adventure, and personalized service.
YachtR is an industry-owned MLS platform developed by leading yacht broker associations to offer real-time, verified yacht listings and uphold professional standards in the yacht sales process. YachtR ensures data accuracy, transparency, and exclusive access to listings from licensed brokers through its integration with YachtBroker.org. Worth Avenue Yachts leverages this trusted platform to give clients unmatched listing exposure and buyer access to up-to-date, vetted inventory across the global yachting market.
Nordic Tug and other American-built trawlers are making waves with boating enthusiasts seeking comfort, stability, and Great Loop capability. Learn why tug-style yachts are becoming a top pick for serious cruisers—and how our Chesapeake team can help you find the perfect one.
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