How To Avoid Pitfalls And Traps In International Trade

10 Insightful Cases Studies on How to Avoid Pitfalls, Tricks and Traps in International Trade

Last updated 2022-01-10 | 4.2

- Invaluable lessons from real life Case Studies on Fraud and Pitfalls experienced by those who are involved in International Trade which covers the following areas :
- Lessons for Exporters & Importers and Traders from the shocking bankruptcy of the Hanjin Shipping Line
- How using a Letter of Credit to pay for genuine past shipment of goods can be detrimental to the Seller

What you'll learn

Invaluable lessons from real life Case Studies on Fraud and Pitfalls experienced by those who are involved in International Trade which covers the following areas :

Lessons for Exporters & Importers and Traders from the shocking bankruptcy of the Hanjin Shipping Line

How using a Letter of Credit to pay for genuine past shipment of goods can be detrimental to the Seller

How the Financier of a trade transaction suffered loss due to forged documents

How backdating a Bill of Lading is tantamount to fraud

How an Issuing Bank lost USD 1.2 Million due to non compliance with the UCP

The tactics used by triad syndicates to defraud Exporters

How an Exporter suffered losses under a Confirmed Letter of Credit

How an Importer was unable to claim for damaged goods under insurance in a CIF contract

How things can go wrong for both Seller & Buyer on a transaction using Incoterms DAP

How unexpected clauses in insurance policy can be detrimental for an Importer

* Requirements

* Person with basic understanding of Letters of Credit & Incoterms

Description

Invaluable lessons from real life Case Studies on Fraud and Pitfalls experienced by those who are involved in International Trade which covers the following areas :
Lessons for Exporters & Importers and Traders from the shocking bankruptcy of the Hanjin Shipping Line
How using a Letter of Credit to pay for genuine past shipment of goods can be detrimental to the Seller
How the Financier of a trade transaction suffered loss due to forged documents
How backdating a Bill of Lading is tantamount to fraud
How an Issuing Bank lost USD 1.2 Million due to non compliance with the UCP
The tactics used by triad syndicates to defraud Exporters
How an Exporter suffered losses under a Confirmed Letter of Credit
How an Importer was unable to claim for damaged goods under insurance in a CIF contract
How things can go wrong for both Seller & Buyer on a transaction using Incoterms DAP
How unexpected clauses in insurance policy can be detrimental for an Importer