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 »
  • acheter abonnés youtube says:
    March 4, 2026 at 6:19 am

    Excellent read, I just passed this onto a colleague who was doing a little research on that. And he actually bought me lunch because I found it for him smile So let me rephrase that.|

  • acheter followers tiktok says:
    March 4, 2026 at 6:56 am

    Aw, this was a very nice post. In idea I wish to put in writing like this moreover taking time and precise effort to make an excellent article! I procrastinate alot and by no means seem to get something done.

  • Pingback: maxbonus77
  • casino en ligne le plus payant says:
    March 4, 2026 at 7:10 am

    hey thanks for the info. appreciate the good work

  • acheter followers instagram says:
    March 4, 2026 at 7:16 am

    This is the wave – the big wave.

  • Timothywag says:
    March 4, 2026 at 7:27 am

    bacak yaglar? nas?l erir hakk?ndaki bolumu tavsiye ederim. Link burada: https://enerjiatlet.com/articles/bacak-yagi-eritme-hareketleri-etkili-yontemler/

  • Manuel says:
    March 4, 2026 at 7:32 am

    Thank you, Helpful information.

  • Strategic corporate risk management says:
    March 4, 2026 at 7:41 am

    Prime Secured
    3603 N 222nd St, Suite 102,
    Elkhorn, ΝE 68022,United Stаteѕ
    402-289-4126
    Strategic corporate risk management

  • acheter followers instagram says:
    March 4, 2026 at 8:16 am

    I’m impressed, I need to say. Really rarely do I encounter a blog that’s both educational and entertaining, and let me tell you, you have hit the nail on the head.

  • lporxmi says:
    March 4, 2026 at 8:30 am

    Глубокое понимание себя: Вы узнаете свои врожденные сильные и уязвимые стороны, сознательные и бессознательные характеристики, что помогает принять свою истинную сущность.

    Принятие корректных решений: Понимание своей Стратегии и Авторитета позволяет перестать принимать решения из ментального давления, страха или влияния окружающих.

    Гармонизация отношений: Осознание того, что каждый человек уникален, помогает лучше понимать реакции окружающих, снижает количество конфликтов и позволяет принимать людей такими, какие они есть.

    Жизнь без сопротивления (меньше стресса): Понимание своего типа личности (генератор, проектор и др.) позволяет взаимодействовать с миром экологично, перестав «бороться» с жизнью и действуя в соответствии со своей энергией.

    Раскрытие потенциала: Дизайн Человека указывает на врожденные таланты и способности, помогая найти свой путь, который приносит успех, удовлетворение и гармонию

    https://t.me/s/ihumandesign

Leave a Reply

error: Content is protected !!