High seas sale - imports

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TOPIC : High seas sale - Imports

Posted on 18 September 2007 at 18:09:00

If I already made high seas sale contract with original importer when goods are in sea transit. May I make another high seas sale contract with my next local buyer before filing Bill of Entry with customs?

Mr. Haresh Pithva

SAPPHIRE EXIM AGENCY

Proprietor, SAPPHIRE EXIM AGENCY
Ahmedabad, India

Free Member, Joined :03/05/2003
No of Topics Posted : 2
Reply/Comments : 0

Re: High seas sale - Imports

Posted on 22 September 2007 at 19:49:00 [Message #715 ]

If you wish to resale the goods for whatever reasons, you can, but if your first High Seas Sales contract is registered with customs. The landed cost of the imported goods will be very high.

Mr. Shalish C. Gajjar

Varsha Exports

Proprietor, Varsha Exports
Vadodara, India

Free Member, Joined :08/23/2006
No of Topics Posted : 1
Reply/Comments : 9

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Re: High seas sale - Imports

Posted on 23 September 2007 at 08:46:00 [Message #720 ]

Unless you get your earlier contract cancelled with the mutual consent of your first buyer, I do not think, you can go for another sale contract. If you do this, it will be treated as double selling of the same products which is illegal.

Mr. Vijay Shanker

SHANKER INTERNATIONAL

Proprietor, SHANKER INTERNATIONAL
Delhi, India

Free Member, Joined :07/17/2004
No of Topics Posted : 0
Reply/Comments : 17

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