Definition: Goods procured in ports
Balance of Payments, IMF
Goods procured in ports covers goods (e.g., fuels, provision, stores, and supplies) procured by residents/ non-residents carriers' abroad/in the compiling economy. Excluded are related services provided (e.g., towing, storage, maintenance, etc). These are recorded under other transportation services.
Source:
International Monetary Fund (IMF), "Balance of Payments Manual" (BOP), Fifth Edition, Washington D.C., 1993
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