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Italian banks accept a set of photocopies of documents, in some cases white paper

As BizLIVE previously reported, cases of 05 cashew nut export companies to Italy have suspicious signs cheatMr Bach Khanh Nhut – Deputy Chairman of the Vietnam Cashew Nut Association (VINACAS) said that he had sent an official report to the Prime Minister and ministries and branches.

Thus, the business has signed contracts with a number of Italian customers through the brokerage firm Kim Hanh Viet cashew nut export to Italy. Goods are destined for the ports of Genoa and the port of La Spezia in Italy, and by the Cosco shipping line; Yangming; HMM and carrier ONE transport.

Currently, businesses are facing the following situations:

First, with the documents sent to the bank Turkey.

Following the buyer’s instructions, the exporter submits the original documents including the original bill of lading to Bank in Vietnam to ask for money for the sale. After that, the bank in Vietnam sends the original documents to the buyer’s paying bank in Turkey via DHL courier service.

After the Turkish bank received the original documents from DHL, they informed the Vietnamese bank that the buyer was not their customer, and they informed them that they had returned the documents to the bank. Vietnam Row.

When the Vietnamese bank checked with DHL about the delivery status according to the AWB number provided by the Turkish bank, it was replied that this AWB number had nothing to do with the Vietnamese bank. The Bank of Vietnam sent many calls to inquire about the status of the returned documents but got no response.

Second, with documents sent to banks in Italy.

Italian banks have informed Vietnamese banks that they have received documents from DHL but copies are not originals; or in the case of white paper.

Currently, business actors are very worried because they do not know where the original documents are, so that the goods can be taken over. Since the goods are shipped in batches, there are already containers that have arrived at the Italian ports, some have arrived. Detecting signs of fraud, Vietnamese businesses and banks have been trying to find ways to store goods and withdraw documents.

On the afternoon of March 9, 2022, 36 sets of documents from 36 containers were “out of control” of businesses and banks.

On March 8, VINACAS sent documents to the Vietnamese Embassy and Trade Office in Italy for support. Commercial Advisors in Italy went straight to the port to help deal with: Temporary non-delivery of containers that had arrived at the port.

The Ministry of Industry and Trade is also working with the Italian Embassy in Hanoi to request intervention and assistance.

On the morning of March 9, 2022, VINACAS held a meeting with banks and businesses. The Bank has confirmed the above situation; at the same time, agreed to coordinate with VINACAS and businesses to find solutions.

On the afternoon of March 9, 2022, VINACAS arranged to work with operators; Only Cosco agent representatives in Vietnam were present. This representative said: After understanding the feedback from the business; reported to its headquarters in China and to its agents in Italy.

However, agents in Vietnam and Italy await comments from Headquarters. In principle, when buyers bring master documents to receive goods, they must submit them; otherwise, they may face litigation by the buyer.

On March 10, 2022, VINACAS sent documents to the relevant operators; advise carriers: Apply “Urgent” action, temporarily hold shipments lying in port and about to arrive at port; not deliver the goods to the consignee even though they show the original bill of lading.

At the same time, only allow delivery when receiving confirmation from the sender (the seller). Special instructions for business owners of goods to be returned.

The situation is urgent now as businesses risk losing 36 containers of goods that have arrived and will arrive at Italian ports.

In the above document, VINACAS urgently and respectfully asks the Prime Minister to direct the relevant ministries and agencies and Interpol Vietnam based on their functions and duties, to closely coordinate and support business well.

VINACAS immediately and respectfully requests Vietnam’s ministries, branches and Interpol Offices with specific, practical and effective measures to support VINACAS and businesses to successfully handle this case; with the aim of: Maintaining shipments that are in the port and will arrive at the port; not release the goods to the consignee even though they show the original bill of lading. At the same time, it allows Vietnamese businesses to receive returned goods.

In another development, the shipment sent to the VINACAS shipping line stated that, according to their business and bank:

After sending the billing documents from the Vietnamese bank to the buyer’s Italian or Turkish bank according to the buyer’s instructions, the buyer’s bank notifies the Vietnamese bank that it has received the billing package of documents, including the Bill of lading, but all copies, not the original.

Thus, the original set of documents including the Bill of Lading are exchanged and replaced with copies or blank papers at some stage during the transfer from the courier to the buyer’s bank. All senders have not received the money.

“Through our assessment, we (VINACAS, business, bank on seller’s side) believe that: This case shows signs of fraud in retrieving the original documents and the original Bill of lading for the appropriate container of goods. cashews in different ports in Italy, therefore, we respectfully advise:

You implement an “Emergency” measure to temporarily hold cargo containers that have been and are en route to an Italian port; not release the goods to the consignee, even if they show the original bill of lading. Release of goods is only allowed after receiving confirmation from the Shipper (Seller) after payment is received.

Specific instructions for the business the shipper must perform to obtain a refund if the seller does not receive payment from the buyer’s bank.

This is a very urgent case, the seller risks losing the goods when payment has not been received, causing huge losses to exporters and affecting related parties, including shipping lines,” said VINACAS vice president stressed.

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