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).

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.

45,039 Comments

  • This is a very informative post.
    I appreciate how the content clearly explains
    important details about casino gameplay and betting.

    Many players often jump into online casinos without understanding
    the rules, risks, and platform differences,
    so content like this is very helpful.
    I have been reading similar guides on
    the panaloko.info website,
    and I find that the explanations there are also very clear and easy
    to follow.

    What I like most about articles from panaloko.info is that
    they focus on
    practical details rather than marketing hype.

    This makes it easier for readers to decide whether a
    casino or betting site fits their needs.

    It is also good to see more content that talks about
    platform reliability,
    because these topics are often ignored.
    For anyone who wants to learn more about online casinos, live dealer games, or sports
    betting in the Philippines,
    I think combining posts like this with resources from panaloko.info
    can give a better overall understanding of the industry.

    Looking forward to reading more posts like this in the future.

  • https://hnenpu.com/ says:

    I appreciate how the article communicates complex concepts clearly, making them approachable for readers from diverse backgrounds while maintaining a professional and trustworthy tone throughout.

    https://hnenpu.com/

  • Great explanation in this post.
    I appreciate how the content clearly explains
    online casino features and betting concepts.

    Many players often jump into online casinos without understanding
    what makes a platform trustworthy,
    so content like this is very helpful.
    I have been reading similar guides on
    panaloko.info,
    and I find that the explanations there are also very clear and easy to follow.

    What I like most about articles from panaloko.info is that they focus on
    helping users understand platforms realistically.

    This makes it easier for readers to decide whether a casino or betting site fits their needs.

    It is also good to see more content that talks about
    responsible gaming,
    because these topics are often ignored.

    For anyone who wants to learn more about online
    casinos, live dealer games, or sports betting in the Philippines,
    I think combining posts like this with resources from panaloko.info

    can give a better overall understanding of the industry.

    Looking forward to reading more posts like this in the future.

  • Hey would you mind letting me know which hosting company you’re utilizing?

    I’ve loaded your blog in 3 completely different
    web browsers and I must say this blog loads a lot quicker then most.

    Can you suggest a good internet hosting provider
    at a honest price? Thanks, I appreciate it!

  • Timothywag says:

    Ayr?ca, eger yuz bak?m? konusuyla ilgileniyorsan?z, buray? inceleyin. Iste link: https://kendifikirler.com/articles/yuz-bakim-rutini-cilt-sagligi-adimlar/

  • 开云体育赛事直播|开云体育安卓版|开云体育软件下载|开云体育体育博彩|开云体育官网地址|开云体育苹果下载|开云体育APP|开云体育快捷登录 开云体育体育博彩

Leave a Reply

error: Content is protected !!