The case of 100 shipping containers exported to Italy from Vietnam: The risk is still there

Published 2022년 4월 9일

Tridge summary

The article outlines a situation where 35 out of 74 cashew nut containers, worth $20 million, are missing documents and have no current control by the Vietnamese businesses that sold them to Italian companies. Despite this, no containers have been lost and the Ministry of Industry and Trade is working with Italian authorities to retain the shipments. The incident highlights potential fraud risks in agricultural exports and underscores the importance of thorough partner examination, clear contract ownership, and the role of consulting agencies and insurance in international transactions. The Ministry of Industry and Trade plans to hold more seminars to address these issues and help businesses mitigate fraud risks.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The cashew nut containers have not been lost, but the danger remains Talking to reporters about this issue, Mr. Tran Thanh Hai - Deputy Director of the Import-Export Department, Ministry of Industry and Trade said that up to this point, the cashew nut shipments brought to Italy have not been lost, ie. not yet in the hands of third parties. However, at present, the enterprise has no control over the set of documents and the holder of that set of documents can completely work with the shipping company to receive the goods and the risk of losing the goods is still present. Therefore, in the past time, right after receiving the information, the Ministry of Industry and Trade has directed relevant units, including the Vietnam Trade Office in Italy to work with the authorities on your side to retain the shipment. It also prolongs the time to verify the bills of lading, where the documents are located and who really has ownership of the whole shipment. Currently, the Vietnam Trade Office ...
Source: Vinacas

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