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Common scams in the foreign trade industry, foreign trade people pay attention!
Jul 19,2024
1. bait scam
Foreign trade scammers usually pretend to have a lot of business needs, gradually gain your trust through e-mail or instant messaging tools, and then ask you to pay some fees, such as translation fees, inspection fees, etc. Once you pay, they either disappear or make new demands until you wake up. For example, a Guangzhou businessman was approached by a person from a South African business representative and was informed of an order for 500000 garments and was advised to pay a $2000 "service fee" to get a contract opportunity. In fact, it's a classic decoy con artist
2. empty glove white wolf
Fraudsters take advantage of legal loopholes in some countries to cheat imported goods through legal channels, do not pay or underpay. When the goods arrived at their destination, they managed to take possession of them. Even if the goods are not in their possession, they will create various obstacles that will prevent you from getting them back smoothly. For example, a Chinese company exported a batch of electronic products to a country in Eastern Europe. After the goods arrived at the destination, the importer invested and paid for the goods. The goods were auctioned by the customs on the grounds of "unclaimed". The importer bought them at a low price and resold them at a high price.
3. contract trap
Fraudsters often use false information and incomplete contract terms to commit fraud. They will provide fake companies, fake addresses, fake supply and demand information, and set various changes and unreasonable requirements in the contract, such as changing the subject of the contract, the mode of transportation or the method of payment.
4. letter of credit trap
Letter of credit is a common settlement method in international trade, but some non-issuing molecules will set "soft terms" in the letter of credit, which usually make it difficult for the beneficiary to realize the terms of payment. Common soft terms include letters of credit that are not valid for the time being, inspection and payment after the goods arrive at the port, etc.
Falsification of 5. documents
The various documents in the import and export trade are often used by fraudsters. They will forge customs declarations, foreign exchange water bills, contracts, bills of exchange, bills of lading and other documents, and even create false documents by means of splicing, alteration and other means, so that the bank because the surface documents match and unconditional payment, and ultimately achieve the purpose of fraud.
6. Transportation Trap
The scams in the transportation link are often the deepest hidden. Fraudsters will take advantage of the complexity of the transport process, collude with bad shipowners or agents to forge transport bills of lading, cheat domestic payment and escape. In addition, there are issues such as reverse bills of lading and advance bills of lading.
To prevent these foreign trade scams, enterprises need to be vigilant, strictly review the partners and contract terms, and be familiar with the foreign trade process to ensure that every link is effectively monitored.
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