About fraud

SCAM USING COPIES OF EXPORT DOCUMENTS

Using this method the scammers can easily win the trust of the importer and make him do the business. In any scam scheme it is very important for the fraudster to gain the victim’s trust. Different ways are used for this purpose and below we will discuss one of... More info >>>

INCREASED ORDER SCAM

This fraud is often used by dishonest buyers and is very often hard to resist. Let’s analyse the following situation: You, as a seller, receive an inquiry from a foreign or domestic buyer. The company wants to purchase your product in a quantity smaller than a full truck or... More info >>>

MISLEADING REFERENCES SCAM

Sometimes dishonest companies refer to their close co-operation with firms well-known in the branch. This trick can easily mislead the possible victims. Both exporters and importers can become victims of this type of dishonest behaviour. You can receive an email from an unknown firm that wants either to buy from... More info >>>

SCAM WITH DESTROYED GOODS

Dishonest importers can issue a quality claim and destroy the goods without giving the exporter the opportunity to inspect the cargo. Sometimes the goods are destroyed only on paper and sold by the buyer. Companies exporting perishable goods, like chilled foods, can easily become victims of this type of... More info >>>

HIGH COSTS OF LOW VALUE FRAUD

The re-emergence of a financial fraud specializing in low value commodities has the ICC International Maritime Bureau (IMB) warning banks to be on their guard. IMB Assistant Director Michael Howlett stated: “This particular scam typically pursues amounts of money small enough to fall just below the threshold that triggers... More info >>>

IMPORTANCE OF PRE-SHIPMENT INSPECTION

Pre-shipment inspection will provide the importers with the essential information about the shipment and insure against any surprises with the quality and quantity of the product. Pre-shipment inspection of the cargo is considered to be one of the most important elements of any import/export operation. Some countries like Nigeria... More info >>>

UNREALISTIC CONTRACT TERMS

When signing a contract pay attention to all of its paragraphs, especially the ones describing time frames and possible penalties. Both exporters and importers should be very careful when signing the contract. Usually every contract contains penalty clauses that come into force if the terms of the contract are... More info >>>

SAVE ON INSPECTION NOW - LOSE MORE LATER

Companies that want to save on product inspection will suffer more serious losses if the quality and quantity of the product does not correspond to that stated in the contract. The situation where the importer receives a product completely different from the one he had ordered is very common... More info >>>

CARGO STOLEN IN TRANSIT

Part of the cargo can be stolen from the truck during transportation. This method of stealing the goods is used when the cargo is transported by road in tent trailers. It is especially popular in cases when the truck has to cross many countries and stops several times. The... More info >>>

PROMPT SHIPMENT PAID FOR WITH FAKE CHEQUE

This simple but effective scam method is used to steal your product and money. Export companies could easily become a victim of this fraud. Let’s analyse the following situation: You are contacted by a foreign buyer who is interested in importing your products. You send an offer and the... More info >>>

Pages

BL International Limited
Tel: +350-54015717  info@blintl.com
Member of The Gibraltar Chamber of Commerce