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Exporters expecting to be paid under a letter of credit (referred to in this article as "LC" or "Credit") may be sadly disappointed. Although an LC is considered one of the most secure means of obtaining prompt payment for sale of goods...
I was contacted by two people from a company in Henan, . They offered me a big purchase order and invited us for a face-to-face meeting to sign the sales contract. We met in in January, 2008. From the first day, they asked me to pay high bills for KTV (Karaoke bars) and expensive gifts after contract signed...
They should tell you how your financial account numbers and other personal information are safeguarded during transmission, and whether that information is protected afterward if it is stored. Usually the information is encrypted (scrambled in a private code) so no one else can read it.
Emails are used by scammers / fraudsters because of the complete anonymity they give. Email addresses contains no identity clues and no ID proof is required to acquire them. Email addresses are completely location neutral so you can't even tell if they are really coming from the country they purport to...
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