Note: Export to Kenya, Uganda, beware of these trade fraud routines! (2)

After the introduction, the domestic company A communicated with a contact of a US company B and signed an export contract with company B. The contract stipulated that the goods should be sent to the Kenya branch to the port of Mombasa. Company B contact email confirmation is paid by the US head office, and the payment terms are 0A60 days. After the company A finished the first batch of goods, the other party added a batch of goods. When Company A starts to urge the first payment, the other party's reply is applying for VISA, the payment is to the US company to pay, and the second batch of documents is required to be handed over to the company B contact, and the contact arranges the payment together.

The other party delayed the payment several times, and later said that the CEO of Company B had broken his hands and feet due to serious traffic accidents and was temporarily unable to pay. He later said that the CEO died in the accident and could not arrange payment. Company A felt that things were not good. Immediately entrusted other customers to understand the situation and found that the claimed Kenya branch address was correct, but could not find the company.

Case similarity

1. In the name of Ugandan, Kenyan or foreign well-known enterprises (or their subsidiaries), register an intermediary company in Uganda, use its popularity and information to defraud, forge documents, signatures and employee status, and sign false contracts.

2. Use high-risk payment methods to trade. Using my export company's lack of understanding of the new market and eager to expand the trade volume, we require the use of credit-selling (O/A) and other sellers with a higher risk of payment, and refuse to pay or even lose the link after delivery.

Be alert when dealing with merchants such as Uganda and Kenya!

1. Avoid trading with the above-mentioned high-risk payment methods, and try to use the letter of credit to pay for the risk reduction. It is best to use the letter of credit issued by the local branch of the multinational bank;