Phantom shipment
The extreme form of over-shipment, where an exporter ships no goods at all but colludes with an importer so that all shipping and customs documents are routinely processed — with banks sometimes unknowingly providing…
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series IFSCA-01← All terms