Deepwater Riser Services submitted a proposal for production activities at its facility in Houma, Louisiana, which is part of Foreign-Trade Zone 279. The Foreign-Trade Zones Board reviewed the proposal, allowing some activities to proceed but requiring additional review for others. The Board authorized limited production, imposing conditions such as the requirement that Kevlar straps for fins be admitted under a specific status. This decision was processed according to relevant regulations and announced in the Federal Register on February 19, 2021.
Simple Explanation
Deepwater Riser Services wants to build special equipment for helping oil rigs in the ocean, and they asked for permission to do this in a special area where certain rules make it easier to work with foreign materials. The big bosses said they can start making some things, but they have to follow some special rules, especially for the special straps they use.