The term commercial cargo refers to any goods or materials transported on a commercial vessel. This includes items moved for business purposes and passengers who are being transported for a fee. However, certain items are excluded from this definition, such as:
In legal practice, the term "commercial cargo" is relevant in areas such as maritime law and tax regulation. It is often used in the context of the Harbor Maintenance Tax, which applies to cargo transported into or out of U.S. ports. Users may need to complete specific forms or follow procedures related to shipping and taxation of commercial cargo. Legal templates from US Legal Forms can assist users in managing these processes effectively.
Here are a couple of examples of abatement:
Example 1: A shipping company transports electronics from a manufacturer in China to a retailer in the United States. This shipment qualifies as commercial cargo.
Example 2: A fishing vessel returns to port with a catch of fish that has been previously landed on shore. This cargo would not be considered commercial cargo under the definition.
According to 26 USCS § 4462, the definition of commercial cargo is outlined within the Harbor Maintenance Tax regulations. This statute provides the legal framework for understanding how commercial cargo is taxed when transported via U.S. ports.
| Term | Definition | Difference |
|---|---|---|
| Commercial cargo | Goods transported for business on a commercial vessel. | Includes a broad range of items transported for profit. |
| Personal cargo | Goods transported for personal use, not for business. | Does not involve commercial transactions. |
| Freight | Goods transported by truck, train, ship, or airplane. | Can include both commercial and personal cargo. |
If you are involved in transporting goods on a commercial vessel, ensure you understand the definitions and regulations surrounding commercial cargo. You may want to consult legal templates available through US Legal Forms to assist in compliance with tax obligations and shipping procedures. If your situation is complex, consider seeking professional legal advice.
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| Attribute | Details |
|---|---|
| Definition | Goods transported for business on a commercial vessel. |
| Exclusions | Bunker fuel, ship's stores, unlanded aquatic life. |
| Relevant Law | 26 USCS § 4462 |
| Application | Maritime law, tax regulations. |