SAFEGUARDS AGAINST SHIPPING AND FREIGHT FRAUD

 

Let’s target Prominent Safeguards against a number of these shipping and freight frauds:

1) Firstly, really read and understand about Incoterms® with this version being Incoterms Rules 2020. an outsized volume of shipping and freight fraud, duping and mistakes occur because the buyer or seller doesn’t understand the Incoterms® rule that should be used for a selected transaction. NO Single Solution is applicable to all situations! Each Sale is individual and must be treated differently

2) Earn Your Trust!

If you’re commencing business with any company for the primary time, you want to ensure to follow several safeguards beforehand! For example, if you’re selling to a primary time buyer overseas but have agreed on Cash Against Delivery (Yes! It does happen) don’t attempt to be courteous and nice, and issue a Sea Waybill or do a Telex Release (Yes, this has to does happens) before you get your money! altogether such scenarios, it’s always an honest idea to issue Original Bills of Lading, and hold on to them till your agreed remuneration is credited into your account! Don’t send the client the OBL or issue a Telex Release supported a signal of payment. again and again, the proof of payment seems to be an unverifiable fraud. Wait until the credited money reflects into your account.

3) Verify and Distinguish

Verify whether the corporate and individual that you’re buying from is genuine and really a legal entity. Many fly-by-night middlemen pretend to be the suppliers, manufacturers, sellers, etc. and inevitably you’d be told much later that their company really didn’t exist at all! For a newly opened business, it’s strongly suggested that you simply should visit the corporate premises at the origin, and convince yourself that the vendor and therefore the products genuine exist!

4) Choosing the correct Partner

If you’re an exporter or importer and use a freight forwarder or a customs broker, explore for someone that incorporates a solid and professional reputation. lots of the days, clients look to avoid wasting some pennies and find yourself choosing run of the mill agents and find yourself actually being blackmailed by them into paying more and still don’t get their cargo in time. an honest place to start out trying to find a decent agent would be freight forwarder, customs broker associations in your area. you’ll also sit down with Customs or Port authorities in your area for a few recommendations. they’re always glad to assist. If you inspect any product or do detailed analyses, etc., (which ideally you must-do if you’re coping with a corporation for the primary time) do your own research, and appoint your own agents for completing such activities beforehand instead of the shippers’ agents. In fraudulent scenarios, the customer used the seller’s agents, and had supplied false information resulting in a large loss! If you’re a forwarder and are trying to find tie-ups with limited partners from around the world, rummage around for similar forwarding associations within the destination country, and only then select the acceptable partners! Many freight forwarders choose the incorrect partners and find yourself paying them more commissions and destination charges unnecessarily.

With such rapid progressions & advancements within the ever-changing field of technological innovations, Westline Shipping has introduced several revolutionary changes in maritime shipping, which also envelope the school of Careers in Merchant Navy, adhered to several new introductions in training for Merchant Navy!