This document discusses different types of frauds that can occur in international trade. It outlines documentary frauds, insurance frauds, and letter of credit frauds. Documentary frauds include presenting fraudulent bills of lading, invoices, or other documents. Insurance frauds involve falsely claiming a ship or cargo was lost to collect insurance money. Letter of credit frauds occur when buyers and sellers collude to manipulate or forge letter of credit documents. The document provides examples of these frauds and warns of potential risk signals. It recommends steps traders can take to reduce fraud risks, such as vetting partners, using reliable contracts and insurance, and verifying documents.