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Tonnage Tax Exemption Extended to Vessels of the Cook Islands

Thursday, November 03, 2011
Sandler, Travis & Rosenberg Trade Report

U.S. Customs and Border Protection is amending its regulations by adding the Cook Islands to the list of nations whose vessels are exempt from payment of any higher tonnage duties than are applicable to vessels of the U.S. and from the payment of light money (a specified amount per ton). This exemption became applicable Aug. 22, 2011, following the State Department’s determination that discriminating or countervailing duties are not imposed by the government of the Cook Islands on vessels owned by citizens of the United States.

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