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HIGH SEA SALES By Timor Barn Chatterjee Sr. Executive Vice President (Corporate Affairs & Legal) & Company Secretary, DIC India Limited, Kolkata 1. High Sea Sales Meaning High Sea Sale Transaction

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What is high sea sales?

High sea sales refers to a transaction where the seller sells goods to a buyer while the goods are still on the high seas or before the goods have reached the destination port.

Who is required to file high sea sales?

The parties involved in a high sea sales transaction are required to file the necessary documents, including the seller, buyer, and any intermediaries.

How to fill out high sea sales?

To fill out high sea sales, the parties involved must provide details of the transaction, including the description of the goods, quantity, price, and terms of sale.

What is the purpose of high sea sales?

The purpose of high sea sales is to facilitate trade by allowing for the sale of goods while they are in transit, without the need for the goods to reach the destination port first.

What information must be reported on high sea sales?

The information that must be reported on high sea sales includes details of the goods, the parties involved, the terms of sale, and any relevant shipping documents.

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