February 18, 2015 | Industry Insights

Fraudulent Copper Shipments from China

Share This:

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.

Share This:

Guarding Against Fictitious Pickups and Cargo Theft: Tips and Training

Fictitious pickups are increasing in North America. In the US, the percentage of cargo thefts due to fictitious pickup rose from 1% in 2022 to 17% in 2023. Strategic theft patterns are also rising, where thieves use identity theft and fraud with fictitious pickup and brokering schemes to obtain loads from freight locations. Combatting this […]

Cargo Insurance, Industry Insights

2024 NCBFAA Scholarship & Application Announcement

Roanoke Insurance Group is delighted to once again sponsor a $5,000 scholarship to students intending to join the trade industry. The National Customs Broker and Forwarder Association of America (NCBFAA) offers this $5,000 scholarship award yearly and will be presented to the winner at the NCBFAA annual conference in April 2024. The topic for this […]

Events, Industry Insights

Is your Business Exposed to the Risks of Employee Distracted Driving?

The National Safety Council(NSC) recognizes April as Distracted Driving Awareness Month. They estimate that 4,000 deaths and 276,000 injuries occur yearly because of distracted driving crashes. Additionally, distracted driving is the cause of 10% of all fatal crashes. Many of these accidents and fatalities are attributed to drivers engaging in risky behavior such as cell […]

Commercial Business Insurance, Industry Insights

Roanoke is the leading provider of insurance and surety solutions for transportation and logistics providers. In fact, we are recognized as the most reliable source for U.S. customs bonds.

Who We Serve

Resource Center

Contact

If you have any questions or need help, feel free to contact with our team.

800-762-6653

US CORPORATE HEADQUARTERS

1501 E. Woodfield Road

Suite 400W

Schaumburg, IL 60173

CANADA CORPORATE HEADQUARTERS

390 Bay Street

Munich Re Centre, 22nd Floor

Toronto, ON M5H 2Y2

Fraudulent Copper Shipments from China

Related

Solutions that Go the Distance.