Textile Chemistry

As one of the four core businesses of Hongda Group, ......

Material Chemistry

Since 2001,Hongda Group has been a distinctive char ......

Biological Pharmacy

Companies in the bio pharmaceutical development alw ......

Resin & Additive

The company's business covers the development o ......

The risk of fraudulent export factoring

2013.05.17   10:26

    As a new way of international trade settlement and comprehensive financial services, to adapt to the trend of export factoring due to the buyer's market formed in the international trade and development, can well solve the facing credit in exporters funds and import business credit risk, in recent years in the world increasingly favored by traders and widely used however, with the rapid development and popularization of export factoring business, international trade problems - fraud, also permeate, breed new "Metamorphosis", namely: export factoring swinding.export factoring swindling the emergence and spread to the international trade order and stability caused disturbance and severe damage. Increases in good faith-based international trade price. Banks and traders in the constant attention to export factoring business use and improve the process, will inevitably face challenges and threats posed by the risk of fraud export factoring, then plus export factoring business because of a lag in transportation and information makes fraud more difficult to detect. Therefore in the processing of export factoring, is very important for the recognition and prevention of fraud against fraud. The export factoring in the future and factoring, exporters should pay attention to take the following measures.


1. Enterprises in the selection of the import factor, should try to choose a reputable, strength, strict management of international banks, avoid export factoring urge proceeds adverse and import factoring unreasonably delayed payment or in the complaint when partial importers or their inability to pay the risk of bankruptcy.


2. In conclude that conform to international practices to trade contracts with importers, exporters should specify the proof of legal writing required importers plea or counterclaim time. Such as the quality of the goods is not qualified, issued by the commodity inspection authorities of the importing country the commodity inspection authorities or the third party of international of verification, so that disputes or litigation in the performance by the amount of shipping, to be in a good position.


3. Export factoring not only to audit strictly trade contract, understand the trading background, but also in the factoring contract specifies: "before the buyer payment, all goods right belongs to the seller and factoring." so as to avoid dishonored, a passive or negative situation.


4. The exporter should strictly in the importer's credit credit delivery. The import factor in the approval importers credit application, have been investigated in detail information, the importer so, shipment within the limits, such as the contract dispute, import factoring guarantee in foreign exchange situation, as soon as possible to help exporters receive payment or the payment.


5. The exporter should keep in touch with the export factoring often, the latest information often communicate import factoring and importers, take measures in the line of credit is exhausted or contract is about to expire, the circumstances, to protect their own interests without loss.
                                                           Exported by Yuan Jun lan

Previous:Titanium dioxide into processing PM2.5 material "favorite."