February 18, 2015 | Industry Insights

Fraudulent Copper Shipments from China

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Please be advised that we are currently working on two claims involving fraudulent shipments of copper scrap imported from China. The containers in question were loaded with bricks instead of copper scrap. These are not isolated incidents as we have been advised by a Lloyd’s surveyor in China that there is a current scam operation being perpetrated in China. We strongly recommend that if you are asked to provide coverage for a shipment of copper of any kind (scrap, tubing, etc.) from China, please decline to do so.

Additionally, we have heard of another fraudulent claim involving a shipment of aluminum from India. In this case the containers were loaded with bags of sand instead of aluminum. We advise that you decline to insure these types of shipments as well.

Should you have any questions or concerns, please contact your Roanoke Trade representative or email us at infospot@roanokegroup.com.

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Fraudulent Copper Shipments from China

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