4. At the conclusion of the HSS agreement, the B/L should be approved in favour of the new purchaser. With respect to the air shipment, the HSS seller should write to the airline agent and Agent Consol to let him know that an HSS agreement has been reached with the HSS buyer and that, therefore, the cargo document is confirmed in favour of the purchaser of HSS and that the IGM should be filed by the airline on behalf of the purchaser of HSS. Good morning, sir! Is HSS valid if the shipping company`s invoice is issued in the name of the original importer, but the BoE and HSS agreement is in the name of the HSS buyer? Please reply In this case, we must use 200 rs of buffer paper for the agreement. „B“ includes a purchase agreement with C under sale on the high seas, once after cashing goods from the exporter`s territorial border, but before the arrival of the goods at the territorial border of India. You can also read other articles about selling on the high seas on this site in order to get a clear idea of the sale on the high seas. The same goods can be sold more than once on the high seas. There is no bar for resale for any number of times. This is the only thing to do – the HSS agreement should give guidance on previous securities transfers. The customs office may ask the last buyer of the HSS to receive as such copies of the previous HSS agreements. Can there be different countries in terms of selling on the high seas? z.B. Originally shipped from India to Singapore, can this be diverted on the high seas to Myanmar? Would the shipping line object to the withdrawal request (change of objective) if we revealed such a sale on the high seas before the initial delivery? When a buyer intends to sell his shipment to a third party before the goods arrive, but after the sailboat, such a sale is called a high seas sale. With simple words, the property is transferred to goods when were in transit.
The general view is HSS is a sale by which the importer sells the goods to another buyer after the goods have been loaded onto a cargo vessel such as the ship, the aircraft in the exporter`s country, while the goods are still on the high seas or at sea or in flight or in air traffic or sold after shipping from the export port/airport and before their arrival at the destination/airport port. 1. The sale on the high seas (HSS) is a sale made by the recipient of the carrier to another buyer, while the goods are still on the high seas or after their shipment from the port/origin airport and before they arrive at the port/arrival airport. High-seas sale transaction means sale transaction that takes place when the goods were actually on the high seas, that is, during the sea transit between the loading port and the unloading port. The date of the transaction (agreement) must be between the date of the bill of lading and the date of arrival of the ship in the unloading port. High Sea Sale is mainly done by traders who buy in large quantities and then look for buyers in the destination country. The benefits of HSST are like (1) Products are available in a short time for end customers, (2) Small quantities can also be purchased for end customers instead of buying an entire shipment and (3) The first buyer can buy a large quantity of goods at a reasonable price and at a reasonable price and a sale at the best price to end customers. The drawbacks of HSST are like (1) documentation/cumbersome procedure and (2) loading prices for customs assessment. The information provided here is part of the online training course on export imports What is the difference between sales and imports on the high seas? Imports and sales on the high seas – a comparative study.