A contract of sale on the high seas between buyers on the high seas and sellers on the high seas before the arrival of the cargo in the territorial jurisdiction of the importing country. This means that the contract for the purchase on the high seas must be dated before the arrival of goods at a territorial border of an importing country. What is the territorial border of a country? I wrote in this web blog a detailed article on “Meaning of imports and exports”, “territorial border”, etc. You can do the same to get a clear idea of the commercial invoice /sales invoice is another document needed for import customs clearance procedures in the offshore sales sector. Such a commercial invoice in the sale on the high seas must be made in the national currency of the country of importation and not in foreign currency. Details of goods sold at the rate and total value are indicated in such a commercial invoice for sale on the high seas. A copy of the consignee`s bill of lading must be accompanied by other import documents in connection with the sale on the high seas. Since the bill of lading is a document of ownership, this confirmation must be confirmed for the benefit of the buyer on the high seas by transfer of the right to the goods. High seas sales (HSS) are sales made by the actual consignee (i.e.dem consignee declared on the bill of lading) to another buyer, while the goods are still on the high seas or after they have been dispatched from the port of loading (POL) and before they arrive at the port of discharge (POD).

HSS Contract/Agreement should be signed after shipment of the goods from origin and before their arrival at their destination. The agreement should appear on the stamp paper. The word “sea”, which appears in the SHS, should not be removed from its literal meaning. As long as the sale is formalized after shipment from the port of origin and before arrival at the first port of discharge at destination, this sale is considered HSS. Turnover tax applies to shipments made on the high seas 7 Important documents required for registration for importation on the high seas Let me list the main requirements for documents on the high seas. Originally issued by the first seller under High Sea Sale. As I have explained in my other articles on the same site, the transaction could be carried out with the sale of high seas more than twice….