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

  • Thanks for another great post. Where else may anybody get that type of info in such an ideal way of writing? I have a presentation next week, and I’m at the search for such information.

  • Regards for helping out, superb info.

  • discuss says:

    What i don’t understood is in reality how you are not really much
    more neatly-favored than you might be now. You are so intelligent.
    You recognize therefore considerably relating to this
    topic, produced me in my view imagine it from a lot of various
    angles. Its like men and women are not involved except it’s something to
    accomplish with Girl gaga! Your individual stuffs outstanding.
    Always take care of it up!

  • Greetings, have tried to subscribe to this websites rss feed but I am having a bit of a problem. Can anyone kindly tell me what to do?’

  • vulkan_azea says:

    Aktualne uvula temat ten przyciaga uwage wielu graczy, ktorzy szukaja bezpiecznych i rozbudowanych platform do zabawy. Vulkan aspekt to przede wszystkim dostepnosc gier, ktore lacza wysoka jakosc grafiki z plynna rozgrywka. Specyficzna sila tej marki polega na roznorodnosci tytulow, od klasycznych slotow po nowoczesne automaty z interaktywnymi funkcjami.

    Dla poczatkujacych uzytkownikow kluczowe jest zrozumienie, jak dziala vulkan spiele casino polska i jak rozpoczac gre w bezpieczny sposob. Pierwsza kroki obejmuja rejestracje na platformie, weryfikacje konta oraz wybor preferowanych metod platnosci. Istotnym elementem jest rowniez zapoznanie sie z regulaminem i polityka prywatnosci, aby uniknac nieprzyjemnych niespodzianek. Nastepnie krokiem jest zrozumienie zasad bonusow, ktore czesto towarzysza uruchomieniu konta. Warto jest skonsultowac sie z obsluga klienta w razie pytan, poniewaz profesjonalne doradztwo zwieksza komfort gry. Po krotkiej chwili mozna przetestowac darmowe tryby i dopasowac ustawienia do swoich preferencji.

    vulkan spiele login https://kons-energia.ru/vulkan-spiele-pl-vulkanspiele-casino-polska-2026-platforma/

  • ______hsmr says:

    يتناول القسم الرابع أمان البيانات وسياسات الخصوصية وكيف يحافظ البرنامج على سرية المعلومات.
    تحميل لعبه 888starz تحميل لعبه 888starz.

  • vulkan_geea says:

    Wspolczesne uvula temat ten przyciaga uwage wielu graczy, ktorzy szukaja bezpiecznych i rozbudowanych platform do zabawy. Vulkan aspekt to przede wszystkim dostepnosc gier, ktore lacza wysoka jakosc grafiki z plynna rozgrywka. Wulkaniczne sila tej marki polega na roznorodnosci tytulow, od klasycznych slotow po nowoczesne automaty z interaktywnymi funkcjami.

    Dla poczatkujacych uzytkownikow kluczowe jest zrozumienie, jak dziala vulkan spiele casino polska i jak rozpoczac gre w bezpieczny sposob. Pierwsza kroki obejmuja rejestracje na platformie, weryfikacje konta oraz wybor preferowanych metod platnosci. Istotnym elementem jest rowniez zapoznanie sie z regulaminem i polityka prywatnosci, aby uniknac nieprzyjemnych niespodzianek. Kolejnym krokiem jest zrozumienie zasad bonusow, ktore czesto towarzysza uruchomieniu konta. Dobrze jest skonsultowac sie z obsluga klienta w razie pytan, poniewaz profesjonalne doradztwo zwieksza komfort gry. Wkrotce mozna przetestowac darmowe tryby i dopasowac ustawienia do swoich preferencji.

    vulkanspiele opinie https://uportshop.com/vulkan-spiele-pl-vulkanspiele-casino-logowanie/

  • ______kmmr says:

    وفي الختام، يؤكد المقال على ضرورة الاستخدام المسؤول والتقييم المستمر لتجربة المستخدم في برنامج 888starz.
    888starz للايفون https://vanilla-sand.com/888starz-%d8%aa%d8%ad%d9%85%d9%8a%d9%84-%d8%aa%d8%b7%d8%a8%d9%8a%d9%82-android-apk-%d9%88%d9%86%d8%b3%d8%ae%d8%a9-ios-%d8%a8%d8%ae%d8%b7%d9%88%d8%a7%d8%aa-%d8%a7%d9%84%d8%aa%d8%ab%d8%a8/

  • I think that may be an interesting element, it made me assume a bit. Thanks for sparking my considering cap. On occasion I get so much in a rut that I simply really feel like a record.

Leave a Reply

error: Content is protected !!