Customs Duty Information

Bill of Lading or Air Way Bill: A bill of lading is standard, mandatory paperwork providing the carrier and driver with all pertinent information related to the shipping costs and information. This paperwork allows for proper billing to be processed by the shipping company, customs and PCL Imports. All parties involved should have a copy of the BOL (buyer, seller and carrier).

Intermodal transportation: Combination of two or more modes of moving freight.

LTL/LCL (Less than Truckload/Less than Container Load): Less than container load/truckload is just that, usually Items on a 48" x 48" pallet that do not require a full container to be shipped.

INCOTERMS -International Commercial Terms

The Incoterms Rules are an internationally recognized standard and are used worldwide in international and domestic contracts for the sale of goods.


FOB Valuation: Regarding all freight coming into the Bahamas, effective January 1 2015 with the implementation of Value Added Tax (VAT),the value used to determine the dutiable amount is the FOB value.

The 7.5% VAT is charged on the Landed Cost of the goods. The landed cost will include any applicable inland and inbound freight and insurance charges plus the initial FOB cost of the goods. 

2013 Bahamas Customs Tariff

2013 Bahamas Customs Excise Schedule

2015 Ministry of Finance Duty Rate Reductions
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