Vietnam: Cashew and pepper businesses scammed in Dubai, UAE receive refunds

Published Oct 14, 2023

Tridge summary

Four companies belonging to the Vietnam Pepper and Spice Association exported containers of goods to the Jebel Ali Dubai port, but the buyer did not pay and the original documents were lost. Ajman Bank in the UAE has returned $355,000 USD to the businesses, but one shipment of anise is still stuck at the port and the business is working with the bank to cover the costs and bring the goods back to Hai Phong. The association recommends that businesses be cautious in their negotiations and contracts to prevent similar incidents.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In July this year, the Vietnam Pepper and Spice Association (VPSA) informed that four companies belonging to the association exported 5 containers of goods including 2 containers of pepper, one cinnamon, one anise and one cashew to Jebel Ali Dubai port. - UAE. The goods left the port but the buyer did not pay, the original set of documents were lost. After nearly 3 months of active work, with the coordination and cooperation between the parties, Ajman Bank (UAE) has returned money to businesses, the total amount of money businesses have been refunded for 4 shipments is 355,000 USD (8.7 billion VND) - correct for the total value of the goods. As for the anise shipment that has been at Jebel Ali port since July 26, the business is continuing to work with Ajman Bank and requires payment of all costs incurred including warehouse fees and lawyer fees. , the cost of bringing the goods back to the port of origin (Hai Phong)... It is estimated that the cost to be paid is nearly 70,000 USD ...
Source: VNExpress
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