PAKISTAN HOSIERY MANUFACTURERS & EXPORTERS ASSOCIATION

37-H, BLOCK-6 P.E.C.H.S., KARACHI-PAKISTAN

TEL: 0092-21-34522769, 34522685, 34544765 FAX: 0092-21-34543774

E-MAIL: info@phmaonline.com   URL www.phmaonline.com

Ref. No. PHMA/Cir- 084/2012

Dated: 20^th June, 2012

TO ALL MEMBERS OF THE ASSOCIATION

SUBJECT:         CAUTION AGAINST FRAUDULENT ACTS OF FOREIGN BUYERS.

MEMBERS ARE CAUTIONED AGAINST FRAUDULENT ACTS OF FOREIGN BUYERS LEADING TO GREAT LOSSES.

TWO OF OUR EXPORTERS HAVE COMPLAINED THAT THEY HAVE BEEN DEFRAUDED BY THEIR BUYERS IN GREECE WITH MODUS OPERANDI AS BELOW:

·         SHIPMENT FOR GREECE WAS MADE ON DP BASIS – BANK TO BANK.

·         SHIPPING DOCUMENTS INCLUDING MASTER B/L WAS SENT BY THE LOCAL BANK TO THE FOREIGN BUYER’S BANK IN ATHENS, GREECE BY UPS COURIER.

·         THE BUYER FRAUDULENTLY GOT THE SHIPPING DOCUMENTS FROM UPS COURIER POSING AS REPRESENTATIVE OF THE PIRAEUS BANK SA, ATHENS DULY PRESENTING FAKE ID CARD OF THE BANK.

·         AFTER OBTAINING THE SHIPPING DOCUMENTS FRAUDULENTLY FROM THE UPS COURIER THE BUYER GOT BANK’S STAMP AFFIXED ON THE BACK OF THE MASTER B/L SHOWING FAKE ENDORSEMENT OF THE BANK.

·         CONSEQUENTLY THE BUYER OBTAINED THE DELIVERY ORDER FROM THE SHIPPING COMPANY AND GOT THE GOODS RELEASED FROM CUSTOMS.

·         INCREDIBLY THE DOCUMENTS WERE OBTAINED WITHOUT THE PIRAEUS BANK SA, ATHENS KNOWING ABOUT THIS NOR ITS GENUINE ENDORSEMENT.

·         DUE TO THIS FRAUD, OBVIOUSLY BUYER AVOIDED PAYMENT OF THE GOODS.

·         AFTER REPEATED CALLS, EMAILS ETC THE BUYER IS NEITHER ANSWERING THE PHONE NOR REPLYING EMAILS AND IS UNTRACEABLE.

IN VIEW OF THE ABOVE ALL OUR VALUED MEMBERS ARE HEREBY CAUTIONED AND WARNED TO BEWARE OF SUCH FRAUDULENT ACTIVITIES OF SOME FOREIGN BUYERS TO SAVE THEMSELVES FROM LOSSES.

REGARDS,

M. JAWED BILWANI

CHIEF COORDINATOR