Do you import White Sugar and Brown Sugar? See here how the scammer acts to put you in the trap
JACIMARA DA SILVA
I trade stocks of Sugar, Soy and Corn produced in Brazil. We have been supplying food to the international market since 2004
If you are a White Sugar and Brown Sugar importer, then you need to be very aware of the increase in scams applied by fake sellers in this market. There are several types of scams and we will demonstrate which steps the scammer uses to get you into the trap.
It is frightening how the number of scams has multiplied in the last two years.
No one trusts anyone else and a lot of business is lost because of it.
It is frightening how the number of scams has multiplied in the last two years.
In this text we will demonstrate how the biggest gang of fake sugar sellers operate in this market.
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THE APROACH
It's an assault. Transfer your money to my account...
No! That's not how the scammer will act.
He will make you believe that he is dealing with a large sugar exporting company.
They work in packs and create various baits to identify new buyers. So if you are an inexperienced buyer they will come to you. It's a matter of time.
They will find out that you are looking for sugar suppliers and they will send you an offer [usually by mail], but it can also be via WhatsApp, Telegram or Skype.
They also post offers on various sales websites like Alibaba, Trade India, Trade China, etc. They advertise very low prices to attract buyers who do not know the market and are easily attracted by this offer.
See below an offer model widely used by the scammer gang:
FALSE SELLER posing as RAíZEN COMPANY
Below is our official sales procedures and export terms for your review and confirmation.
REFINED ICUMSA 35 COCACOLA GRADE: $350/Metric Ton CIF Basis
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REFINED SUGAR?- ICUMSA 45: $300/Metric Ton CIF Basis
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CANE SUGAR - ICUMSA 100: $270/Metric Ton CIF Basis
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RAW BROWN CANE SUGAR ICUMSA 600-1200: $250/Metric Ton CIF Basis
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BEET SUGAR:????????????$245/Metric Ton CIF Basis
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THE FANTASY PRICE IS THE MOST EFFICIENT ISA THE SCAMMER USES. SO IF YOU RECEIVE ANY OF THE ABOVE PRICES, ESCAPE IMMEDIATELY
AGREEMENT PROCEDURES (NEGOTIABLE):
1. Buyer Issues LOI / ICPO (Purchase Order)
2. Seller Issues Contract/Invoice Confirmation to the buyer for review and approval. Both parties resolve issues through friendly Communication.
3. Buyer Returns the agreed-upon Contract confirmation, by email attachment, duly signed and sealed. The draft Copy will be deemed and legal by the parties until hard copies are printed, sealed, signed and exchanged.
4. Buyer Pays partial deposit (Prepayment deposit) of 30% T/T issued immediately to RAIZEN?Company bank account.
5. First delivery and shipment commence as per schedule mutually agreed.
6. Seller provides the following shipping documents to be forwarded to the buyer. Shipping documents to be provided in order to clear the goods at the destination port.
7. Buyers pay 70% against B/L and other shipping Documents.
This Soft Corporate Offer (SCO) No 31026076 is for the exclusive benefit of the addressee only and supersedes any previous SCO. This SCO cannot be published or transferred.
Payment Terms:
Our Payment terms are flexible and depend greatly on the quantity demanded. Generally for smaller orders, we use Telegraphic Transfer
(T/T). We require a deposit to process all orders, except for orders above 200 containers. Deposit only covers production cost and is
calculated based on quantity demanded. For small quantities, the production cost is higher. See details as below;
Payment Break Down:
- 1 - 1,000 Metric Ton: 50% deposit after confirmation of order and 50%
against shipping documents - 3-10 Container Order: 30% deposit after confirmation of order and 70% against shipping documents
?- 1,000 To 5,000 Metric Ton: 25% deposit after confirmation of order and 75% against?full set of Shipping documents.
- 5,000 To 12,500 Metric Tons: 20% deposit after confirmation of order and 80% against?full set of shipping documents.
- 12,500 To 24,000 Metric Tons: 15 % deposit after order confirmation and 85% against full set of shipping documents.
- 24,000 To 100,000 tons Container above: 10% Commitment deposit and 90% against shipping documents.??
- Payment by bank Instrument: For payment with SBLC or DLC, the indicated price, has a surcharge of 2%,
领英推荐
to cover the bank charges, charged by the bank, for the processing of the document.?
The Buyer Shall issue and 100% Irrevocable, Divisible, Confirmed, Transferable, Transactable or Negotiable, Free of Expenses and Commissions, Unconditional, Revolving Stan by Letter of Credit (SBLC) MT760 Active for the total value of the contract, + MT103 For the release of the payment, of the corresponding monthly lot, against Shipping Document & SGS at sight Loading Port. In accordance with the delivery terms and international standards for the interpretation of the terms "Incoterms 2010".
The payment instrument must be approved by the "Seller" bank. In case of not being approved must be confirmed by a bank recommended by the bank of the "Seller."
The Payment Instrument must be issued by an international TOP 25-50 bank, of recognized prestige, and must be issued a bank of a country without International sanctions. This method of payment will be made for each batch of product to send, for the duration of the contract.
Note:This payment terms and procedures are only applicable for your?first purchase order and your?first shipment after the first shipment and you?become a registered buyer all your?next shipment will be done through DLC,ESCROW,OR PAYMENT uPON ARRIVAL.Please for the first order you?can only start with a minimum?order of 15 containers on the above said payment terms before proceeding you?initia order on any payment basis .
DOCUMENTS TO BE SENT TO THE CUSTOMER WITH THE ORDER: A full set of three originals and three copies of the following documents will be issued for payment:?
-1. Bill of lading, three (3/3) original set
-2. Commercial invoice, one (1) original and three (3/3) copies
-3. Certificate of origin, one (1) original and three (3/3) copies
-4. Certificate of quality and quantity issued by “SGS”, one (1)Original and three (3/3) copies
-5. Sanitary certificate including anti-dioxin certification, one (1) original and three (3/3) copies
-6. Certificate issued by SGS declaring that the product is fit for human consumption, one (1) original and three (3/3) copies
-7. Insurance policy for 110% of net invoice value covering all risks.
-8. One (1) original and three (3/3) copies of shipping company statement confirming that the age of the vessel does not exceed twenty (20) years and the vessel is registered under Lloyds registry.
-9. Sif - certificate and approval for sale the market of the china, one (1) original and three (3/3) copies
-10. Halal certificate 2 (two) original + 2 (two) copies by the relevant authority for the country of origin;
-11. Non-wooding packaging material declaration- The import license or any necessary authorization in the destination country is borne by the buyer; the supplier does not manage or pay permits or authorizations in the country of destination. The provider is responsible for obtaining all permits, certificates and authorizations in the country of origin, in order to comply with the agreements entered into in the contract of sale.
????? Download the most complete and up-to-date Sugar Suppliers Guide on the market: https://mellocommodity.com.br/sugar-exporters/
EVIDENCE HE USES TO DECEIVE YOU
He will send you certificates, technical analysis, photos, videos, Bls as proof of past performance, etc.
>>> He uses all kinds of documentation he can get to carry out scams, so it may even be that some of the documents he will present you are actually issued by Raízen
In all communication he will use the Raízen logo, the same typography and colors used as standard by the REAL SUPPLIER.
The scammer will even use the name of the company's professionals, they can easily get it on LinkedIn, for example.
It will use the real website address, but it will forge the email so that the domain looks similar to the website.
That is, he will give you all the evidence you need to take the bait and fall for the scam.
WHAT ARE THE SCAMMER'S GOALS?
1 - He wants to steal your money, so when you deposit the advance for the order, then he will be gone forever and you will never be able to find him again.
>>> The advance payment is a common procedure in this type of purchase, including with the Raízen supplier, the difference is that you will transfer the money to a scammer's account that is also similar to the purchase of Raízen... it may even have a similar name as a simulacrum, as in fake email.
2 - He wants your company's documents and data to apply B2B scams, as if he were you. He will use your company name to get quotes, Proforma Invocies, make purchases, pretend to be the seller, etc. They are very creative....
How not to fall for the scam?
You will only fall for the scam if you do not know the prices on the market and if you transfer money to a bank account that does not belong to Raízen.
It is essential that you understand the difference in sugar prices when selling on FUTURES MARKETS and CASH SALES.
Study prices before ordering. Pricing depends on several factors, such as:
Sugar type | Total/monthly quantity | Packing type | Boarding Mode | Port of Destination | Payment Method | all this impacts the formation of sales prices.
Do not trust randomly distributed price lists on social media or by email.
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We emphasize that Raízen is one of the most serious and competent companies in this market and that is precisely why scammers use the name of this company to apply scams.
If you are a victim of the scammer, send a report to: [email protected] or call 0800-772-4936 from Monday to Friday, from 9 am to 7 pm, or by email.
Scammers not only use Raízen's name to apply scams, they also use: Copersucar, Usina S?o Martinho, Cargill, etc.
If this alert text was helpful to your business, please help us spread the word. Share on two networks, send to your trading partners. That way, we can prevent these scammers from succeeding.
????? Download the most complete and up-to-date Sugar Suppliers Guide on the market: https://mellocommodity.com.br/sugar-exporters/
Most of the time when the customer arrives at Mello Commodity he has already fallen for the scam and there is not much left to do but comfort him.
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#renuka #dominofoods #asrgroup #asr #floridacristais
#absugar #cosan #mellocommodity
Managing Director at Musterhaft (Pvt.) Ltd.
7 个月I am grateful to you for sharing such useful information. Keep it up.
Leading with vision, at work and home. Senior executive, husband, and dedicated dad.
7 个月JACIMARA DA SILVA, very insightful post! It is great to be spread out in our industry!
Realtor & Real Estate Investor/ Global Sourcing Leader
10 个月Very valuable information, but it would have been helpful to also share how the new buyers can find legitimate sugar suppliers
Engineering Services,Trade Finance, Marine Transport & Security and Offshore Support, Hospitality, Real Estate Consultant
1 年Dear Jacimara, Thank you for your insights on fake suppliers and buyers. I am new in the Sugar business. How can I identify genuine buyers of Refined Sugar ICUMSA 45 and is there any list of credible buyers around the world?