A few years ago, HSST was used more often and accepted as a normal practice. Large traders regularly took goods from a few remote locations, with their own sources or a long-term contract supplier, and they had the power to put those goods on the market, knowing that they would sell the goods very often before they even landed. Most of the time, all sea trips were very long, so the buyer could take goods on board, had about 30-40 days to sell them, had enough time to arrange all the papers and payments. Now all trips are much shorter, everyone buys everywhere, and not many use HSS. In addition, some authorities question such operations, almost as if it were some kind of smuggling. As far as I know, the date of the agreement is the same date you accepted the sale. HB/L should also have a date that the seller prescribes, most likely the same or a day later. 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. How imports are different from selling on the high seas. What are the biggest changes in high seas selling than regular imports? What are the procedures for selling on the high seas? How can we distinguish between imports on the high seas? What is High Sea Sale? 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.
]]> you can click here to read more articles on The Sale on the High Seas: A simple tutorial on the procedures of sale on the high seas and the formalities in India Important documents required in the high seas Sale, How can the value of the original contract invoice hide under the sales transactions on the high seas, Can one sell on the high seas under the shipment of air cargo?, Can the sale on the high seas be carried out more than twice?, Can VAT on shipments be hidden under the sales of the high seas? How do I check the duration of the contract for high-seas sales transactions? Documentation procedure for sale on the high seas. Yes, I am sure that once you have passed these items, you will have a good knowledge of high seas sales in international business. Imports are all goods that enter a country from abroad. Some detailed articles on imports and exports, its importance, etc., can be read on the same site for more understanding.