Who hasn’t encountered a few scammers on the road to foreign trade? Speaking of scammers, they are simply abominable and make people hate them so much. They lose contact, phishing emails, stolen account passwords, and money…
Typical fraud 1
Creditor: a company in the United States
Debtor: a company in Guangzhou Container Export Company
On April 26, 2018, the company received an inquiry from a company in the United States. On May 3, a contract was signed, agreeing that 30 % deposit and 70% balance payment as shown in the bill of lading. On May 7, we received the first deposit of more than US$16,000 from the customer.
Shipments will begin on May 23, with a total value of two containers worth US$35,000 plus freight.
Another container was shipped on June 10, with a total value of more than 22,000 US dollars plus freight.
On June 22, the two cabinet bills of lading sent on May 23 were released.
On September 4, we received a payment of US$24,000 from the customer and installed the third cabinet. At this time, the customer owed US$14,000.
From October 26th to November 10th, we successively shipped 9 containers with a total value of nearly 200,000 US dollars in freight and freight.
Later, the customer used various reasons to say that the loan could only be repaid after the sale. We had no choice but to release all the cabinets to the customer for sale, and then the customer They began to use false excuses such as “the cabinet was not mentioned”, “payment has been arranged but the payment was lost by the agency”, “it must be arranged next month”, “insufficient cash flow”, etc. as reasons for defaulting on payment, and the mobile phone did not answer the phone. I replied to the last email on February 1, 2019 and I can no longer be contacted.
I hope everyone will take this as a warning. If you don’t pay the balance, you can’t place the order no matter what!
——A self-report from a Guangdong foreign trader
Classic Fraud 2 Falsely claiming quality issues
Buyer: a promotional company in the United States
Seller: a domestic apparel processing company
We are a company specializing in PROMOTION. We mainly purchase some shoes, clothing, toys and other products. In addition to doing promotions, we also help Some large enterprises and institutions in the United States purchase uniforms, etc. An American company placed an order for three types of shoes, each order amounting to about 5,000 pairs. The payment method was a 30% deposit, and the remaining payments were made within two weeks after receiving the goods. The first three orders went very smoothly.
The fourth order is a CowhideW/OCC (a type of cowhide shoe). The unit price is three times the price of several shoes, so when we produce and process Pay great attention.
Two weeks after receiving the goods, the agreed balance payment was not received. The customer faxed: 30% of the shoe uppers were dirty and 20% of the shoes were cracked at the rear center line. And threatened not only to not pay 70% of the balance, but also to demand for 30% of the deposit.
After contacting the shipping company, we learned that the customer did not say there was a problem with the goods until two weeks after the goods arrived in the United States, and realized that things were not that simple.
So I urged the buyer to send samples of the problematic goods back for review as soon as possible, but received the message “They have hired someone locally to handle it, but due to the delay in delivery, they cannot pay the final payment.”
After a subsequent credit investigation, it was found that this was a routine used by this promotion company. The method adopted for suppliers was to pay a 30% deposit in advance and then raise quality issues with the goods, thus relying on After the investigation, several Chinese exporters were defrauded!
Everyone must investigate more when making transactions Check the buyer’s credit. If you had done more research, this would not have happened!
——Personal experience from a Ningbo foreign trader
Classic Scam 3 Letter of Credit
We are a foreign trade company that deals in agricultural and sideline products Export company.
In November 2018, I exported 2 high cabinets of apples to Bangladesh. At first I knew that the reputation of Bangladesh was not very good, but after doing foreign trade for so many years, what? It can be said that I have experienced turbulent waves, and every time in the end, the danger was saved and everything was safe. Therefore, I did not expect that the letter of credit business in Bangladesh would have a big fork. After the customer agreed to the price, I started to make invoices, and within two days, the customer received the letter of credit I drove over.
I saw EXIM BANK, the letter of credit issuing bank, whose full name is ExportImport Bank of Bangladesh Ltd. It is one of the few banks in Bangladesh with a relatively good reputation. , and other terms of the letter of credit were very loose, so I accepted it.
After Zhengben arrived, he started to stock up, book space, and ship on time , shipped, and then handed over the bill to our local bank 7 days later, and then waited for the customer to pay. On the fifth working day after handing over the bill, the Bangladesh issuing bank sent a notice of refusal, which stated that there was a discrepancy. , lack of a bank credit certificate, please contact us and the customer, if the customer agrees with the discrepancy, they will pay.
I quickly wrote to the customer to inform�He asked him to accept the discrepancy and pay the redemption order, but the customer did not reply. Another day passed, I opened the email and saw that the customer had replied. Unexpectedly, as soon as I opened his email, I took a deep breath. . The attachment to his email was full of photos of the Apple we sent, which means that the customer has already picked up the product!
The issuing bank in Bangladesh did not wait for us to negotiate with the customer whether to agree to accept the discrepancy, refund the order, or wait with the order, and released all the original delivery goods without permission. Document to customer.
I wrote an email to the customer to question, and the customer’s reply is as follows:
we have a potential bank support thats why we can dispose of the goods nothingelse. We have potential bank support so we can dispose of your goods and our bank is on the same page as us.
What is very strange is that he still has nearly 45% of the wire transfer prepayment. In this case, he dared to commit letter of credit fraud. The remaining amount is close to 30,000 US dollars. , it is hard for me to imagine that their banks would collude with customers for such a small amount of money, even if they lose their own reputation.
——A self-report from an exporter in Yantai
Exposing these We just hope that our compatriots will no longer be deceived by foreign trade scams, and we hope we can jointly raise our vigilance to make these importers seamlessly exploitable! </p
