Buyer safety

How to spot a fake meat offer: LOI, ICPO, SCO and other red flags

The online beef trade is full of soft offers and broker chains. These are the warning signs, and the checks that separate a real exporter from a fake one.

How to spot a fake meat offer: LOI, ICPO, SCO and other red flags

Search for Brazilian beef suppliers online and you will quickly meet offers that look generous and move fast. Many of them are not from exporters at all. They come from chains of intermediaries, or from people who simply want an upfront payment.

The good news is that fake offers follow a pattern. Once you know it, they are easy to spot.

The "procedure" that real meat trade does not use

Many fake offers ask you to follow a fixed sequence:

  1. You send an LOI (letter of intent).
  2. You send an ICPO (irrevocable corporate purchase order), often with bank details.
  3. The "seller" answers with an SCO or FCO (soft or full corporate offer).
  4. Then come requests for fees, bank letters or "proof of product".

This vocabulary comes from commodity brokering chains. Real beef exporters work with quotations, contracts and letters of credit, as our step-by-step import guide shows. When a seller insists on LOI and ICPO before showing a plant, you are usually talking to a broker of a broker, or to a scam.

Red flags

  • No plant named. The offer says "Brazilian beef" but never names the plant or its SIF number.
  • Price far below the market. Brazilian beef is a commodity with a known price range. A big discount is bait.
  • Upfront fees. Requests to pay for "documents", "inspection", "export license" or "proof of product" before any contract.
  • Free email and no company. Gmail or Hotmail addresses, no website, no company registration.
  • They sell everything. The same contact offers sugar, diesel, urea, gold and beef.
  • No video call. They avoid showing the plant or the people who work there.
  • Pressure. "Only two containers left", "price valid until tomorrow".
  • Heavy bank instruments for small volumes. Demands for SBLC or bank comfort letters for a single container.

How to verify a Brazilian exporter

  • SIF number. Every exporting plant has one. Check it in the list of establishments approved by Brazil's Ministry of Agriculture for your country.
  • Company registration. Brazilian companies have a CNPJ that can be checked in the federal tax registry, with name, address and status.
  • Direct contact with the plant. Ask to speak with the export department of the plant that will produce your order.
  • Halal certificate. Brazilian halal certifiers, such as FAMBRAS Halal and CDIAL Halal, list the plants they certify. Check that yours is there.
  • Video call or visit. A real plant can show its facilities and its team.

What a real quotation looks like

A real offer is short and specific:

ItemWhat you should see
SellerCompany name, CNPJ and address
PlantPlant name and SIF number
ProductCuts, packing, shelf life, halal certifier
PricePrice per tonne for a named Incoterm and port
TermsValidity, shipment window, payment by L/C or agreed terms
DocumentsHealth certificate, certificate of origin, halal certificate

Pay the exporter, never the middleman

The safest way to pay for a first container is an irrevocable letter of credit in favour of the exporting company. The bank pays only when the shipping documents are presented. Never send money to a personal account or to a company that is not the exporter on the contract. See our buyer safeguards.

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