What is Harbor Maintenance Fee (HMF)?

by Alex Pappas | Mar 9, 2018 | Supply Chain Dictionary

Definition

The Harbor Maintenance Fee (HMF) is a fee imposed by U.S. Customs and Border Protection (CBP) for U.S. imports shipped via ocean freight. It is charged at 0.125% of the value of the commercial cargo shipped through identified ports.

The HMF is deposited into the Harbor Maintenance trust fund, which may be used by Congress to pay for harbor maintenance, development projects and other related expenses.