Past Performance and Sanitized BLs

We often have some buyers asking us to provide past performance, or “sanitized” documents, such as BLs or invoices. Under no circumstances we will ever do this. This is considered an illegal act and also most buyers that ask for this kind of documentation is never really serious. The other reason is that they maybe are not aware of the rules in this kind of business and thats why we want to help our customers and walk them through the entire process to avoid money and time wasting.

Many times we will have this term, “sanitized” thrown around, but that was actually terminology invented by scammers to try to lure buyers into buying their products that they never really had. When the fake sellers use this kind of documentation, once they have attracted a potential serious buyer, they will immediately scramble to try to acquire sugar from a real source, but when they fail, they simply cut communication with the buyer and leave them signed contracts and maybe even opened in-operative LCs that cannot be activated.

Other times we have sellers asking for sanitized warehouse receipts or even invoices, these are extremely sensitive documents and some of these papers will only be revealed to the buyer only after we have performed an acceptable POF (Proof of Funds) from the buyer’s bank. This is all done in a very advanced stage of the entire negotiating process so asking for these documents upfront without having emitted an LOI or an ICPO is completely unheard of and we will ignore all requests that commence with these kinds of demands.



Many of the buyers will even threaten to go elsewhere if they are not presented with the “past performance” upfront as well. This is the stepping stone for the whole 2 seller fake purchase process that has become so popular. The reason is because they have nothing to lose and without this convincing document they cannot attract real buyers themselves.
The internet nowadays is an endless source of information and anything can be found online, for this reason many scammers can find sample BLs of past sugar shipments and modify them and present them to unsuspecting clients. This has become such a common practice that the entire sanitized and presenting these documents up-front exchange has run rampant in recent years. This is one of the main reasons we are trying to become the one-stop place for commodity buying where buyers are safe and know what they are buying and from who. This would end once and for all the opportunistic predators that lure behind the internet and have never really sold anything.

WARNING: IF A COMMODITY SELLER OFFERS TO SHOW PAST PERFORMANCE, BILL OF LADING OR ANY OTHER TYPE OF PROOF THAT THEY HAVE DONE BUSINESS BEFORE, DISCONTINUE NEGOTIATIONS IMMEDIATELY AND REPORT THEM TO THE ICC COMMERCIAL CRIME SERVICES. THIS IS BECAUSE THIS IS HIGHLY ILLEGAL, EVEN IF THE DOCUMENTATION IS “SANITIZED,” AS SHARING PAST PERFORMANCE DOCUMENTATION IS A DIRECT VIOLATION OF THE NCNDA PUT IN PLACE BY THE PURCHASE MADE BY THAT CUSTOMER.

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