Page 24 - Logistics News July 2019

Fraud Prevention

Shipping container fraud

The SA shipping container industry has been hit hard by fraud. Kashief Schroeder,
Co-founder and Director of Container Intermodal Trading (CIT), provides useful tips
to empower yourself to not become a victim of it.

SHIPPING CONTAINER fraud has been prevalent documentation in their possession, ranging
globally for the last couple of years and millions from CIPC verifi cation to bank letters, VAT
are lost to these criminal syndicates annually. The registrations, B-BBEE certifi cates and more.
South African industry has also become a target So, what can you do to empower yourself to
and it is estimated that approximately R250,000 not become a victim as well?
to R300,000 per day is lost to these scams in
South Africa alone; lost revenue that could have If it sounds too good to be true, it usually is.
created employment opportunities and improved Beware of container scammers with cheap
the local economy. pricing. You might think you have stumbled
Scammers often have fraudulent upon the bargain of the year, but it might cost

22 July 2019 | Logistics News