Skip to main content
NVOCC Articles

Corporate Fair Trade Community

By March 14, 2019October 1st, 202645,039 Comments

IMB launches initiative to curb B/L fraud

The International Maritime Bureau (IMB) has launched a new initiative aimed at curbing bills of lading (B/L) fraud carried out by non-vessel owning common carriers (NVOCCs).

Read News

News key points: 

1

B/Ls Key Documents

B/Ls are crucial documents relied upon by many stakeholders in the trading chain including banks, shipping companies, carriers and charterers.
2

IMB checks B/L for its members

While the vast majority of NVOCCs issue B/Ls correctly, there is a small minority that do not.
3

95% false B/Ls

IMB’s says that up to 95 percent of the false B/Ls identified by the Bureau are issued by NVOCCs.
4

An IMB spokesman said

“Incidents of ship owners/carriers or their agents issuing false B/Ls are uncommon because they take a big risk in doing so and open themselves to legal action.
5

However

unlike the carriers or their agents, the majority of NVOCCs do not have any assets which are at risk in these transactions except for their reputations.
6

Fraudulent Practices in B/Ls

This could lead to fraudulent practices, and banks that unwittingly process false B/Ls could discover that either there are no cargoes underlying the documents or that the shipments may be misrepresented.
7

IMB spokesman added

“The NVOCC Register therefore recognises participating NVOCCs who adhere to a minimum standard of anti-fraud measures in their operations,”
8

Inviting NVOCCs

IMB is inviting NVOCCs to sign up to its NVOCC Register. In doing so they will also have to sign up to a Code of Conduct for the issuance of B/Ls. Failure to comply with the Code of Conduct may result in removal of the NVOCC from the Register in certain circumstances.
9

The intention behind NVOCC Register

The intention is not to exclude defaulting NVOCCs but to help them improve the steps taken to issue bills of lading which is relied upon by a number of other stakeholders.
10

Advantage to Signup for NVOCC Register

IMB says an advantage of signing up to the Register is that banks may process the documents of NVOCCs on the Register faster than those that are not.
11

Backed by ICC Academy

The IMB NVOCC Register is backed by an online course designed by the IMB and run by the ICC Academy which specialises in trade related online training (https://icc.academy/).
12

IMB NVOCC Register Now in Singapore

The IMB NVOCC Register was officially launched in Singapore last month, attended by more than 100 representatives from banks, logistics companies and trading firms.

IMB NVOCC Register Now in Singapore

The IMB NVOCC Register was officially launched in Singapore last month, attended by more than 100 representatives from banks, logistics companies and trading firms.

Related Posts

NVOCC Articles FIATA

FIATA

adminJuly 23, 2019
NVOCC Articles MarineLink

MarineLink

adminMarch 14, 2019
NVOCC Articles International Trade Council

International Trade Council

adminMarch 14, 2019

45,039 Comments

« Older Comments
Newer Comments »
  • https://www.supamega.net/read-blog/1993_prague-escort-outcall.html says:
    January 3, 2026 at 7:14 pm

    This blog was… how do you say it? Relevant!!
    Finally I have found something which helped me. Cheers!

  • view page says:
    January 3, 2026 at 7:32 pm

    The new year presented a chance to raise our own bar. We took it by launching a fresh analysis of every brand on GamblingChooser. Combined with design and code tweaks, this ensures we remain a curated, high-quality resource.

  • RalphNip says:
    January 3, 2026 at 8:06 pm

    п»їLately, I stumbled upon a helpful resource about cheap Indian generics. It explains how to save money for ED medication. If anyone wants Trusted Indian sources, read this: п»їvisit. Might be useful.

  • BlakeBleaf says:
    January 3, 2026 at 8:14 pm

    Кракен зеркала

    В глубинах холодного моря жил древний Кракен, охранявший зеркала памяти. Эти зеркала не отражали лица — они показывали страхи, мечты и забытые решения каждого, кто осмеливался взглянуть в их гладь. Когда шторм поднимался, щупальца Кракена тянулись к поверхности, защищая зеркала от жадных глаз. Моряки верили: если зеркало треснет, море потеряет равновесие. Поэтому легенда учила уважать тайны глубин и помнить, что не каждое отражение стоит искать.

  • шлюхи says:
    January 3, 2026 at 8:41 pm

    I do believe all the ideas you’ve introduced in your post.
    They are really convincing and will definitely work. Nonetheless, the posts are very short for
    starters. May you please prolong them a bit from subsequent time?
    Thank you for the post. http://www.shandurtravels.com/companies/tobase/

  • https://raindrop.io says:
    January 3, 2026 at 8:44 pm

    Kenvox
    1701 E Edinger Ave
    Santa Ana, СA 92705, United Stаtеs
    16572319025
    oem custom produc systems (https://raindrop.io)

  • Danielfiste says:
    January 3, 2026 at 9:17 pm

    п»їJust now, I discovered a useful report concerning ordering meds from India. The site discusses how to save money for generic meds. If you are looking for cheaper alternatives, take a look: п»їhttps://kisawyer.us.com/# pharmacy website india. It helped me.

  • www.binance.info Registrácia says:
    January 3, 2026 at 9:48 pm

    Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.

  • daison_ivMt says:
    January 3, 2026 at 10:15 pm

    dyson купить интернет магазин dn-1.ru .

  • daison kypit_cvpr says:
    January 3, 2026 at 10:15 pm

    дайсон россия официальный dn-kupit-1.ru .

Leave a Reply

error: Content is protected !!