"How can I determine if a buyer is genuine or fraudulent?"

The best way is to get a banked LOI but It can be challenging to obtain a Banked LOI, as people are often hesitant to disclose their financial information in an initial meeting. This is especially true if you are an intermediary. The chances of a buyer disclosing their financials through a BCL, Draft BCL, or Banked LOI are slim. However, it is still possible to achieve this, but it will require effort and perseverance.

?

1. Does the LOI have the company's address, website, email, and phone number in clear headers and footers on company letterhead?
2. Does the LOI include the identity proof and contact information of the decision maker, such as a phone number or corporate email address?
3. "Is the email address a simple Gmail address or a corporate email address belonging to the company?"
4. "Is there too much demand for commission?"
5. "Are they willing to make changes to the LOI, if required?"
6. Do LOI have bank details of the buyer's bank

If the answer to most of the screening points is No, please reject this purchase offer immediately. However, if at least three or more points are positive, you can take a chance.

?

#ICUMSA45 #SUGARICUMSA45 #ICUMSA45BUYERS #SUGARBUYERS #IMPORT #EXPORT #SWEETDEAL #GLOBALTRADE #COMMODITIES # #Entrepreneurship #sales #socialmedia

?