About HS Code 890120
This category covers tankers, specialized vessels designed for the bulk transport of liquids, including crude oil, refined petroleum products, chemicals, and liquefied natural gas (LNG). These ships are indispensable to the global energy and chemical industries, forming a critical link in international supply chains. Major shipping companies, oil & gas corporations, and chemical producers are the primary importers and operators. Key aspects of this trade involve adherence to strict international maritime safety and environmental regulations (e.g., MARPOL), the specialized engineering required for handling hazardous cargoes, and the significant capital investment involved in their construction. The market is highly sensitive to global energy demand and geopolitical factors.
Products Under This Code
Crude oil tankers, product tankers, chemical tankers, LNG carriers, LPG carriers, asphalt tankers, bunker tankers
Real World Examples
VLCC (Very Large Crude Carrier), Suezmax tanker, Aframax tanker, Q-Max LNG carrier, Stolt Tankers' chemical carriers
Common Misclassification
Tankers are specifically for liquid bulk and should not be confused with general cargo vessels (890190) or refrigerated vessels (890130), which handle different types of cargo.
Products Classified Under 8901.20
Trade Overview
South Korea, China, and Japan are dominant in tanker construction, while major oil-producing and consuming nations are key importers/operators.
Frequently Asked Questions
What is HS code 890120?
HS code 890120 covers: Tankers. This category covers tankers, specialized vessels designed for the bulk transport of liquids, including crude oil, refined petroleum products, chemicals, and liquefied natural gas (LNG). These ships are indispensable to the global energy and chemical industries, forming a critical link in international supply chains. Major shipping companies, oil & gas corporations, and chemical producers are the primary importers and operators. Key aspects of this trade involve adherence to strict international maritime safety and environmental regulations (e.g., MARPOL), the specialized engineering required for handling hazardous cargoes, and the significant capital investment involved in their construction. The market is highly sensitive to global energy demand and geopolitical factors.
What products fall under HS code 890120?
Crude oil tankers, product tankers, chemical tankers, LNG carriers, LPG carriers, asphalt tankers, bunker tankers
What are common misclassifications for HS code 890120?
Tankers are specifically for liquid bulk and should not be confused with general cargo vessels (890190) or refrigerated vessels (890130), which handle different types of cargo.
How is HS code 890120 structured?
HS code 890120 is a 6-digit subheading under the Harmonized System. The first 2 digits (89) identify the chapter, digits 3-4 (01) identify the heading, and digits 5-6 (20) specify the subheading. This code is standardized globally by the World Customs Organization.