trade scams
In recent years, the global trade of fresh fruits has seen a significant rise, driven by increasing demand for exotic and seasonal produce. However, this growth has also attracted fraudulent activities, particularly targeting exporters who rely on Payment Against Documents (PAD) for air cargo shipments. PAD, while convenient, presents unique vulnerabilities due to the rapid transit times of air freight, which often outpaces the verification of payment. This creates a window of opportunity for fraudsters to exploit unsuspecting exporters, leading to substantial financial losses. This article delves into the critical risks associated with PAD transactions for fresh fruit exporters, explores real-world fraud cases, and provides actionable strategies to safeguard your business. By understanding these risks and implementing robust preventative measures, exporters can protect their assets, maintain profitability, and build trust in international trade relationships.
Kosona Chriv
Kosona Chriv - 13 January 2025
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