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Beneficiary Name Different from the Company Name
Post 1 of 6
Is it common for a payment being made when suddenly the Beneficiary Name appears totally different from the Company Name, I don't want to seem Paranoid but is this normal?[em12]
Award 100 MVPs ( What's this? )for the best answer.
08 Jan 2007 23:38
Post 2 of 6
Replying to [KIWI]:

It is not a usual thing for genuine businesses but widely practiced by the scammers.

If you can give more details about your supplier then may be we would be able to advice you more.
SIGNATURE:
About Our Company

WORLDWIDE TECHNOLOGIES
We are exclusive importers and exporters of many innovative hi-tech products covering following streams:
Surveillance & Counter Surveillance Solutions, Security, Safety & Surveillance Products, Innovative ... More

09 Jan 2007 06:35
Post 3 of 6
1 Payment: T/T 100% before shipment
WONSH RAMP INDUSTRY CO., LIMITED
ADDRESSYANLING 3 CUN OF LIGANG ZHEN, JIANGYIN, JIANGSU
TEL NO 86-135-27540084 FAX86-510-86637187 POSTCODE200122
PROFORMA INVOICE

Total Value
Say Total US Dollar Six Thousand Two Hundred and Twenty Two Only
PFI No.: 07AUPP-001
DATE:2007-Jan-06th
1. 2. Time of Delivery: 15-20 days on payment
3. Country of Origin: China
4. PORT OF DESTINATION:
5. TERMS OF SHIPMENT: FOB NINGBO
Beneficiary Bank Details:
BANKBANK OF CHINA, JIANGYIN SUB-BRANCH
BANK ADD:NO.1 MIDDLE RENMIN ROAD, JIANGYIN CITY JIANGSU, P.R.CHINA
SWIFT CODE: BKCHCNBJ95C
A/C 4447301-0188-076198-1
BENIFICAIRY NAME WANG YONG
On Behalf of : On behalf of :
THE BUYER THE SELLER
10 Jan 2007 00:37
Post 4 of 6
Replying to [KIWI]:

It is not usual that the beneficiency name is different from the company name in L/C.

In this case, the seller (beneficiency) may want to get your payment by himself, NOT for the comapny. Moreover, the Company may not have the right to handle the EXPORT business. Thus, they need to use another one to handle the export business.

Jacky
Double Dream
10 Jan 2007 19:10
Post 5 of 6
Thanks for that. I got wary in the end and went for a Gold member supplier. Although there is still this grey area.
I am actually trying to find Manufacturers but keep getting these middle-men
11 Jan 2007 00:31
Post 6 of 6
Replying to [KIWI]:Dear KIWI, it is there that the beneficiary name may be differ, but not a personal name. It should be the exporter company name. IN China many factory don;t have the export licence. They export through some other exporter and tell you to pay the money in his accounts. Where as they issue the PI to you. It is normal practice in China.

I am here in China. If you need any help, I can help you. Please contact me via TM.

[em38]KILOIA[em38]
11 Jan 2007 01:07
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