MFN Rate definition
Examples of MFN Rate in a sentence
The Product Lists are contained in the Protocol Implementing the CARICOM/Dominican Republic Free Trade Agreement and includes: • ATTACHMENT I: Goods which shall be Subject to Phased Reduction of the Most Favoured Nation (MFN Rate of Duty) – Coffee; Biscuits (sweetened/unsweetened); Jams and Fruit Jellies; Passion Fruit Juice; Pasta; Soups and Broths; Rum; Sausages; Essential Oils; Perfumes and Toilet Waters; Mattresses; Paper/Paperboard Crates and Boxes, etc.
The following examples illustrate how the Reservation Rate Adjustment will be applied: (1) if the Alternate rate is $1.20 on an agreement with a path from ▇▇▇▇▇▇ to a point downstream of Dracut and the MFN Rate is $1.40, Shipper’s Base Negotiated Reservation Rate will be reduced by $.20 to $1.20; and (2) if the Alternate Rate on an agreement with a forward haul path from ▇▇▇▇▇▇ to Dracut is $.85 and the MFN Rate $1.10, Shipper’s Base Negotiated Reservation rate will be reduced by $.25 to $1.15.