News / Forwarders should be wary of granting extended credit, says TT Club

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Freight forwarders should “beware of fraudulent customers offering lucrative loads”, said TT Club, as it highlighted the dangers of granting extended credit. 

Today, transport and logistics insurer TT Club revealed the prevalence of credit fraud over the last year ? a financial risk that leaves operators with freight costs that can’t be collected.  

“The losses as a result of such fraud can escalate quickly,” said Josh Finch, TT’s logistics risk manager.  

“Credit fraud is an exposure to all in the global ...