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.
Designed with classic Italian craftsmanship and upgraded with modern amenities, the 60′ Riva Yacht BRAVISSIMO is a remarkable vessel. With extensive refits totaling over $400k, this yacht has an eye-catching exterior design and impressive interior featuring two owner’s suites, an additional stateroom, and crew accommodations. Just completed a 900 nautical mile trip up the Pacific Coast, BRAVISSIMO is a fantastic yacht at an amazing price.
St. Lucia is a charter yachting paradise. With its stunning beaches, lush rainforest, and breathtaking views, it’s the perfect destination for yachting holidays. Its sheltered bays make it an ideal place to dock and explore the island. With a wide range of marinas offering moorings, it’s easy to find the perfect spot to drop anchor!
Cruising in Nova Scotia presents an incomparable balance of urban landscapes and untamed wilderness. With over 8,300 miles of unspoiled coastline, you’ll find yourself with unlimited options for exploration.
The sublime scenery, glistening waters, and extraordinary coastlines along the Sunshine Coast offer a truly unique adventure, especially when experienced onboard luxury charter yacht SUMMERTIME II.
Experience a luxury adventure like no other and join ASTERIA, a premium explorer yacht with state-of-the-art amenities, for an unforgettable heli skiing holiday. Enjoy a completely unique and luxurious experience skiing pristine powder, only accessible by helicopter, in some of the most beautiful and remote locations around the world.
Luxury yacht STARSHIP is a 185’ Delta Marine yacht that was built in 2001 and has seen some impressive refits ever since. One of these major refits took place in 2014 at Safe Harbor Rybovich, where this already spectacular megayacht was extended from 161’ to an impressive 185’. This makes STARSHIP one of the most impressive Delta Marine yachts built, as she features 3 decks of massive exterior space perfect for lounging and socializing with friends and family.
