What is harbor maintenance fee in SAP SD-FT - Foreign Trade?

SAP Term: harbor maintenance fee

• Component: SD-FT

• Component Name: Foreign Trade

• Description: A fee levied each time a ship is loaded or unloaded in a U.S. harbor. Proceeds of the harbor maintenance fee are made available to the U.S. Army Corps of Engineers for the improvement and maintenance of U.S. ports and harbors.

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• Key Concepts: 
  The harbor maintenance fee (HMF) is a fee charged by a port authority for the use of its facilities. It is a component of the Foreign Trade module in SAP and is used to calculate the cost of goods imported or exported through a port. The HMF is based on the volume of goods handled by the port and is usually charged as a percentage of the value of the goods. 
  
  How to use it: 
  The HMF can be set up in SAP by entering the relevant details in the Foreign Trade module. This includes the port name, the fee rate, and any other applicable charges. The HMF can then be used to calculate the cost of goods imported or exported through that port. 
  
  Tips & Tricks: 
  It is important to ensure that the HMF rate is up-to-date and accurate, as this will affect the cost of goods imported or exported through that port. It is also important to ensure that all applicable charges are included in the calculation. 
  
  Related Information: 
  The HMF is just one component of the Foreign Trade module in SAP. Other components include customs duties, taxes, and other fees associated with international trade. It is important to understand how these components interact with each other in order to accurately calculate costs associated with international trade.