Can high sea sale be effected more than two times?
Is High Sea Sale possible more than twice in an import consignment?
High sea sale can be affected more than two times
However other terms and conditions to be followed under the term ‘high sea sale’. The time of high sea sale procedures and legal contract on high sea sale are commenced only after leaving territorial limit of exporting country. The high sea sale transactions have to be completed before arrival of goods at territorial limit of importing country.
High sea sales can be effected any number of times without violating the rules and regulations. Since Bill of lading is a document of title, the proper endorsement on original bill of lading has to be effected before arrival of goods. Bill of lading procedures under high sea sale need to be fulfilled before arrival of cargo at territorial border of importing country.
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 sales possible under air shipment?, 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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