MARITIME FRAUDS IN CHINA

¢ò. Basic types of Maritime Frauds in China

¢ó. Cause of increasing spread of cargo-related Maritime Frauds in China

¢ô. Methods of preventing Maritime Frauds

A. Commercial Department and Chamber of Commerce

Abstract: International Maritime Fraud has already done great damage to International Trade Market and impaired the legal rights of the businessman. Such phenomenon has brought an adverse effect on either developing countries or developed countries. The paper explores the causes of Maritime Fraud in china today. In the first part, it dwells on the present state of Maritime Frauds, which are increasingly rampant in south China. In the second part, the

In may 1995, owners of the ship ¡°Kameha Kahlua¡± changed their own status, colluded with some buyers, forged a Bill of Loading, stealthily sold padauk wood worthy of US$1,500,000.00 and privately deviated to Basuo port at Hainan Island, China. Eventually the stolen cargos were found at the port.

Sometimes, shipowner himself commits Maritime Fraud or collude with shipper or consignee to carry out the fraud. This type can simply be called ¡°Embezzlement¡±. It can still be classified into two types:

A. Commercial Department and Chamber of Commerce

Some topics in this essay:
Maritime Fraud, Frauds China, Maritime Frauds, International Trade, Stolen Cargo, China Eventually, Fraud Kidnapping, Buyer Seller, Hainan Island, Collection Documents, maritime frauds, maritime fraud, maritime frauds china, frauds china, cheap cargo, international trade, south china, letter credit, types maritime, basic types, buyer seller, types maritime frauds, south china sea, basic types maritime, methods preventing maritime,