High Seas Sales-Sale of cross border goods when in transit

Sold in the High Seas. J the App by JustIDT is delighted to share the snapshot on High Seas Sales (HSS) which is a trade process that allows the sale of goods after they have left the port of origin but before they have reached the Indian territorial waters. In an HSS transaction, the ownership of goods is transferred through an agreement (endorsed on the bill of lading) while the goods are still on the high seas