Examples of Fraud
The following are some examples of international trade fraud and advice on how to avoid it. forum.fobshanghai.com.~,l%H-d"F!W,e.d
Example 1 - obtaining samples fraudulently
'M"I3r6z'{(P3xFOB Business ForumWhen an unknown buyer requests samples while hinting at a large order, it is always wise to request at least a nominal payment for the samples. If the buyer refuses to pay the mailing costs, let alone the sample charge, you are advised to beware.0l-E%M3K$r!D d7p
FOB Business Forum7m'g'~9K7j#R*U/Q6k
Example 2 - false promises leave the exporter with unsaleable stock #L%|/@!}'v0V4t-a
Swindlers often try to convince a supplier that they are about to place a large order on an L/C basis. They encourage a manufacturer to go into early production on their specifications, claiming that is a test and promising early payment. However, once production is complete the buyer goes back on his word, and the manufacturer is left with unsaleable stock. To avoid this type of situation, when commencing business with unknown buyers, it is safer not to agree to early production, no matter how enticing the offer may be.FOB Business Forum:j4t#u8b.J"v0j9K
FOB Business Forum"?*J7W9C1{#Q#}*P
Example 3 - demanding discounts by invoking spurious conditions in documentation [A Professional Business Forum]"Z7i l!w1N
In order to create artificial conditions for refusing to accept goods or for reducing prices, some buyers deliberately include vague terms in the L/C and later claim an intentionally "UNPAID" clause. A variation is to place orders on L/C & D/A, but to withhold payment for the D/A part of the contract.
$B0{/^.P i5]6])q:R.B[A Professional Business Forum]FOB Business Forum6j:K3P1p'P#v i
Example 4 - sending illegal job hunters disguised as buyers
#d*v;n:z"@4|#]0B8w*?-@)M1R!cSome company may send job seekers disguised as buyers. If you have any doubts, consider the age and position of the person. Very young or low ranking buyers should arouse suspicion. When groups of buyers are encountered, the credibility of the company should be thoroughly checked.
7W)p,d.[$v*^7p8D*[%J*{[A Professional Business Forum]%A&~-n;T)H4N4L%}
Example 5 - refusing payment for the second part of a shipment
,Z3C!t$]#v:c&s0T%v2[/GAfter gaining the trust of an exporter in the first part of a deal by making immediate payment by T/T, the fraudster then refuses to pay for the second part of the shipment. When working on a T/T basis, once the shipment has been made, if the importer refuses to make the payment, there is no way for exporter to obtain the money. Therefore, if you think you're dealing with an unreliable partner, the T/T method should be used on a pro forma basis only.
,I$i5i%}2z/O'l-U,^FOB Business Forum
%L#^7b!U;H"k+_%QFOB Business ForumExample 6 - uncollectable payment due to a financially unstable opening bankFOB Business Forum!y6I;l9k!}8P'p2R
When accepting an L/C from an unknown bank in an underdeveloped country, be sure to check the credibility of the bank. If there are any doubts about its financial condition, it is advisable to request confirmation of the L/C from a reliable bank.
|
