High seas sale recognition permits bills of entry in buyer's name if contractual and title documents are produced. Bills of Entry may be noted in the name of a High Seas Buyer/Allottee if the importer produces satisfactory evidence: a valid enforceable contract with commencement date and loss/damage provisions and the original negotiable Bill of Lading duly endorsed in favour of the buyer/allottee or a Delivery Order. Statutory conditions for importation, assessment and clearance remain the importer's responsibility; declarations, bonds and post import evidence must be furnished by the importer and benefits will be denied where the importer lacks prima facie capability to fulfil conditions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
High seas sale recognition permits bills of entry in buyer's name if contractual and title documents are produced.
Bills of Entry may be noted in the name of a High Seas Buyer/Allottee if the importer produces satisfactory evidence: a valid enforceable contract with commencement date and loss/damage provisions and the original negotiable Bill of Lading duly endorsed in favour of the buyer/allottee or a Delivery Order. Statutory conditions for importation, assessment and clearance remain the importer's responsibility; declarations, bonds and post import evidence must be furnished by the importer and benefits will be denied where the importer lacks prima facie capability to fulfil conditions.
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