Phantom & Ghost shipment

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malmousa
Posts: 2
Joined: Thu Nov 25, 2021 4:25 pm
First Name: Mousa
Last Name: Almousa
Organization: nuc
Filter: Two Plus Two =: 4
Location: Saudi Arabia

Phantom & Ghost shipment

Post by malmousa » Thu Nov 25, 2021 4:32 pm

We issue LC and received a comply document, but we have some evidence that this is a Phantom & Ghost shipment/transactions.
What is the role/regulation can we depend on to stop payment and did ICC mention such scenario and paper/article we could relay on.


Your advise is highly appreciated

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picant
Posts: 1980
Joined: Wed Aug 20, 2008 1:49 pm

Re: Phantom & Ghost shipment

Post by picant » Sat Nov 27, 2021 6:55 pm

Hi Pal,

a legal advise is necessary to stop payment if a fraud is en course. Banks are not responsible.
Other comments appreciated
Ciao

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