Common scams in international trade

Common scams in international trade

With the development of China’s economy, China’s foreign trade has repeatedly reached new heights, and more and more enterprises begin to go to the world. But at the same time, there are more and more foreign trade swindlers, and even people in many countries and regions make a living by cheating. Today, we will analyze the common international trade frauds from two aspects: the buyer and the network.

Buyer article

Trick 1: long line for big fish

The general strategy of this kind of deception is to win the trust of the exporter with a few small orders. Once the trust is obtained, it will immediately propose to sign a large contract, then bite hard and cause half death, and then the world will evaporate.

Some big frauds can even lurk for 1-2 years and tolerate dozens of small businesses. When we define them as five-star credit customers in the foreign trade business management software, they will carry out large-scale fraud plans. This kind of fraud has a strong concealment, and it is difficult to detect the fraud, so it is very harmful.

Deception 2: collusion inside and outside

In the import and export trade, most foreign businessmen have good credit, but there are also some lawbreakers who have bad intentions from the beginning. They take advantage of the weakness of small and medium-sized enterprises in the lack of foreign sales channels and information, appear as saviors of investment or financing, win the temporary trust and immediately lure enterprises into the hook, fight quickly, enterprises will immediately withdraw money from the Internet when they enter the set, and then disappear without trace.

Trick 3: foreign buyers ask for credit

Now, because of the overcapacity, many enterprises are hot headed at the sight of foreign demands and fail to pay attention to the hidden risks of payment methods. For example, some buyers let the enterprise credit the goods, and then pay for the goods when they are sold. If they can’t sell the goods, there will be a backlog, and the risk will be transferred to the enterprise. Therefore, L / C letter of credit is the best method of payment, and it should be issued by reputable banks, because in South America, Central America and other countries, even 3 yuan, 10 yuan can be opened. D / P (D / P) and D / a (D / a) are more important. Even for close customers, credit should not be used.

Fraud 4: the buyer conceals the fact of applying for bankruptcy protection

Some buyers have already applied for bankruptcy protection, but the enterprise does not know that the goods have also been shipped out. When the payment cannot be recovered, the investigation shows that the buyer is unable to repay at all. But because the buyer has applied for bankruptcy protection, the enterprise can not sue such a buyer at all. Enterprises should be careful that some buyers will change the terms of the L / C after signing the contract, such as the quantity, difference and quality of the goods. If the quality requirements of the products are changed, the enterprise may not be able to meet the terms of the L / C after the shipment, so the payment cannot be recovered.

Fraud 5: the buyer takes the goods away without the original B / L

Enterprises should not think that there will be no problem holding the original bill of lading, because buyers may get the goods without the original bill of lading, because according to the mode of FOB adopted by enterprises, the transportation is in the charge of the buyer, and foreign freight forwarders only care about the interests and obey the people who pay. In many cases, the buyer of a certain country buys the freight forwarder and takes the goods away without the original bill of lading. Local freight forwarders often play tricks on several black spots: South America, Central America, Mexico, the Middle East, Malaysia, etc.

Network articles

Scam 1: pretend to be PayPal (or other platform) customer service

You are required to provide personal data, including account and password. Keep in mind that PayPal (or other platforms) customer service will never ask for your personal account and password, nor will they ask you to provide your personal information outside the site.

Scam 2: pretending to be PayPal (or other platforms)

Send an email asking you to update your account information. Sometimes, you’ll get emails that look like they’re from PayPal (or other platforms), and you’ll never see a flaw in the address.

In general, the letter will tell you that the account is abnormal, or there is a transaction that requires you to log in to the website to update information or confirm the transaction within a few days, otherwise your account will be frozen. Then you will be provided with a normal looking link. If you look carefully enough after clicking, you will find that this is a highly imitated website, and it will generally contain viruses that steal passwords. This move is full of temptation and intimidation, but also very confusing. If you are not careful, someone will be cheated.

International trade is like the sea, and various kinds of swindlers are popular. While doing their own work well, Chinese foreign traders must always be vigilant and stick to the bottom line to avoid falling into the trap.

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