Vietnamese export containers worth $517,000 go missing at Dubai port
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Four Vietnamese companies could lose five containers of spices and cashew worth US$517,000 they shipped to Dubai under what seem mysterious circumstances.
According to the Vietnam Pepper Association, they had sold pepper, cashew, cinnamon, and anise to Bab Al Rehab Foodstuff Trading Llc.
But four of the containers have been claimed by unidentified parties at Jebel Ali Dubai Port without paying the Vietnamese companies.
The export was done under the documents against payment method, which requires the buyer to show proof of payment before collecting the goods.
The documents had been sent by banks in Vietnam to UAE’s Ajman Bank, which confirmed receipt.
But apparently it no longer has them, and has yet to explain why, the exporters said.
They are concerned the remaining container, set to land on July 26, will also be misappropriated.
They have repeatedly asked the buyer to make payments, but the company has yet to respond.
The Vietnam Pepper Association, representing the four companies, has reported to Vietnamese authorities and the UAE embassy in Vietnam.
The Vietnam Trade Office is working with Ajman Bank, Jebel Ali Dubai port and the Dubai police to investigate possible fraud.
Questions & Answers
Q.Which specific companies are affected by the missing containers?
Which specific companies are affected by the missing containers?
Four Vietnamese companies, represented by the Vietnam Pepper Association, are affected. The article does not name the individual companies, but states they shipped spices and cashew to Dubai.
Q.What is the total value of the goods believed to be missing?
What is the total value of the goods believed to be missing?
The total value of the goods across five containers is US$517,000. Four containers have already been claimed without payment, and the exporters are concerned about the fifth.
Q.Which bank was involved in handling the payment documents for the shipment?
Which bank was involved in handling the payment documents for the shipment?
UAE’s Ajman Bank confirmed receipt of the payment documents from banks in Vietnam. However, Ajman Bank reportedly no longer has these documents and has not explained why.
Q.What actions have been taken to investigate this incident?
What actions have been taken to investigate this incident?
The Vietnam Pepper Association has reported the issue to Vietnamese authorities and the UAE embassy. The Vietnam Trade Office is now working with Ajman Bank, Jebel Ali Dubai port, and the Dubai police to investigate possible fraud.
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