AFRMM

Supplemental Freight Charge for Renewal of the Merchant Marine – that is, a contribution to support the development of the merchant navy and the Brazilian shipbuilding and ship-repair industry. It is due when entering the unloading port and is calculated based on the international sea freight rate. Taxation varies from 10% to 40%, with a period of 10 days for collection, after the vessel enters the unloading port.