Can high sea sales possible under air shipment?

 

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Can high sea sales be contracted under air shipment?

 Can high sea sales possible under air shipment. Since the term High Sea Sales names ‘high sea’, Can High sea Sales be contracted under air shipment?This is general question whether high sea sale can be contracted under shipments effected by air.

The answer is ‘Yes’.  Any shipments effected under air mode of transport can be entered in to high sea sales transactions. The territorial jurisdiction of importing and exporting country is treated as same in both sea and air mode of consignments.

Can high sea sales possible under air shipment copy

Although the word ‘sea’ is there in the term ‘High sea sale’, the procedures and formalities under high sea sales are same. The grammatical meaning need not be taken in to consideration on high ‘sea’ sale transaction and such grammatical meaning can be ignored.

What are documentation procedures of high sea sale under air shipment? 

I have written a separate article about requirements of major documents under high sea sales. Please go through the same to have a clear idea on High sea Sales.

If high sea sale transactions on shipments moved by air, the Airway bill is consigned to the buyer’s bank, once after accepting documents from buyer’s bank, the importer can complete necessary procedures and formalities under high sea sale as I have mentioned above. A Delivery order issued by bank is attached along with the AWB as bank release order (BRO). 

You may click here to read other articles about High Sea Sales :A simple tutorial on high sea sale procedures and formalities in India   Major Documents required under High Sea Sales,   How to hide invoice value of original contract under high sea sale transactions,     Can high sea sale be effected more than two times?Is sales tax applicable on shipments effected under high sea sales?   How to check the time of contract on high sea sale transaction?  Documentation procedures on high sea sale.   Yes, I am sure, once after going through that articles you will have a good knowledge about High Sea Sales under International business.

 

 

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Other post about import export cauching

 Documents required for import clearance under high sea sale

 How to hide invoice value of original contract under high sea sale transactions

 Is sales tax applicable on shipments effected under high sea sales

 How to check the time of contract on high sea sale transaction.

 A simple tutorial on high sea sale procedures and formalities in India

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Comments


Mahajan: Is one tome agreement between seller & buyer is sufficient for bank ? Is there any format of this agreement?

golchhagroup: WE ARE IMPORTING SOME PRODUCTS TO INDIA FROM CHINA . WE HAVE CUSTOMER SITUATED IN HONGKONG, WHO WANT TO BUY THE GOODS FOR THEIR CUSTOMER WHO ARE ALSO IN INDIA. WHETHER WE CAN BUY FROM CHINA WITH BL DESTINATION AS INDIA , AND CONSIGNEE AS HONGKONG COMPANY, AND HONGKONG COMPANY WILL FURTHER ISSUE THEIR INVOICE AND OTHER DOCUMENT TO THEIR CUSTOMER IN INDIA.

Admin: Hi Golchhagroup, Please read posts about TRIANGULAR SHIPMENT in this website.

GBH: Dear Sir, In High Sea Sales transaction there are three parties, can we submit to custom office original agreement between 1st & 2nd party also? as per my knowledge original HSS agreement should be between 1st & 2nd party should be with 2nd party. kindly clear my above doubt.

MANISH D: We want to make a transaction in which we will place a purchase order in One Country say USA with instruction to Export the same directly to another country say Africa, without bringing it to India. So how can we made this transaction and what procedure we should follow with respect to Receipt and Payment of foreign Exchange in terms of recent RBI policy. Please reply

chandra prakash dubey: sir, please explain HSS legal agreement bond in force for purchasing bond date or notarized date.coz custom not accept the agreement bond to bond purchasing date.so please clear.when the executed.after notary attestation date or bond purchasing date?

Alwyn : I have a query: In Air High Seas Agreement, the date of AWB and High Seas Agreement should be same or can it be different.

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