Blogs

KEEP IN TOUCH

Documentation of High Sea Sales

High Sea Sales is defined as a transaction in which the recipient of a carrier document sells the goods to another buyer whilst the cargo is still on the high seas (or after the cargo has left the port or airport of origin and before it reaches the port / airport of destination). Know more about international import and export and start your business with us. Go through the article to know what are the documentation required for high sea seals. Documents related to the sale should be referenced as on high sea sale bases. Invoices, packing lists, bills of ladings, etc. need to be written in this manner. A high sea sale invoice can either have the value of an existing invoice or the value of a new high sea sale invoice that is decided by the buyer and seller. Alternatively, the seller can issue a new invoice that states the high sea sale value instead of disclosing the original sale rate. HSS agreements should be signed after goods have been dispatched from origin and before they arrive at destination. They should be signed on stamp paper. The carrier must accomplish all necessary endorsements on bill of ladings before the arrival of goods. Title of goods passes to the high sea sale buyer when endorsements on the bill of ladings are completed. Did you like our article? Do share your feedback and experience. The above information is a part of Digital Exim Online Training Course.