harbor maintenance fees
Definition
Harbor maintenance fees are charges the federal government collects from importers and exporters who use American ports to ship commercial cargo. The government calculates these fees as a small percentage of the total value of the goods being shipped, and it uses the money to fund dredging, upkeep, and improvements to U.S. ports and waterways. Customs and Border Protection collects these fees when goods move through designated ports.
Example
If your small business imports handmade goods from overseas and those goods arrive at the Port of Los Angeles, you will owe a harbor maintenance fee based on the declared value of that shipment. On a $50,000 shipment, the fee currently works out to about $62.50.
Watch Out
These fees add up quickly if you import or export frequently, so make sure your shipping budget and product pricing account for them from the start.
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This definition is for informational purposes only and does not constitute legal advice. Please consult with a licensed attorney for legal guidance.