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

  • site says:

    Cabinet IQ Fort Myers
    7830 Dreww Cir Ste 4, Fort Myers,
    FL 33967, United Ѕtates
    12394214912
    site

  • Если вы заинтересованы в [url=https://surrogates-mamas.ru/]услугах суррогатной матери[/url], наш центр готов предложить профессиональную помощь и поддержку.
    В завершение важно обсудить экономическую составляющую данной технологии.

  • Timothywag says:

    Хотите блеснуть своим мастерством лозоплетения? Воспользуйтесь советами профессионалов!

    Для тех, кто ищет информацию по теме “Как выбрать идеальные ножи для резьбы по дереву”, нашел много полезного.

    Смотрите сами:

    https://fixora.ru/%d0%ba%d0%b0%d0%ba-%d0%b2%d1%8b%d0%b1%d1%80%d0%b0%d1%82%d1%8c-%d0%bd%d0%be%d0%b6%d0%b8-%d0%b4%d0%bb%d1%8f-%d1%80%d0%b5%d0%b7%d1%8c%d0%b1%d1%8b-%d0%bf%d0%be-%d0%b4%d0%b5%d1%80%d0%b5%d0%b2%d1%83/

    Спасибо за внимание! Пусть ваше лозоплетение будет успешным и увлекательным!

  • Timothywag says:

    tahta kas?k temizligi hakk?ndaki yaz?y? gercekten begendim. Suradan okuyabilirsiniz: https://evhobileri.com/articles/tahta-kasik-temizligi-ipuclari/

  • take a look says:

    When an element becomes a 1+ ion, it loses one electron, achieving a
    stable electron configuration similar to that of a noble gas.
    For example, sodium (Na) lose
    Read more

    Elements and Compounds

    +1

    What noble gas has the same electron configuration as aluminum?

    Asked by Anonymous

    Aluminum has the electron configuration of (1s^2 2s^2 2p^6 3s^2 3p^1).

    The noble gas that has the same electron configuration as aluminum is neon, which has the
    Read more

    Noble Gases

    What is special about groupe 18 the noble gases?

    Asked by Anonymous

    Group 18, known as the noble gases, includes helium, neon, argon, krypton, xenon, and radon. These elements are characterized by their full valence electron she
    Read more

    Noble Gases

    What is the noble gas configuration of Ununhexium?

    Asked by Anonymous

    Ununhexium, now known as Livermorium (Lv), has the atomic number 116.
    Its noble gas configuration can be written as [Rn] 5f¹⁴ 6d¹⁰ 7s² 7p², where [Rn] represent
    Read more

    Noble Gases

    If a helium filled balloon is released at the earths surface
    what is its eventual fate?

    Asked by Anonymous

    When a helium-filled balloon is released at the Earth’s surface, it
    will rise due to the lower density of helium compared to the surrounding
    air. As it ascends,
    Read more

    Noble Gases

    Which of the following has a noble gas electronic configuration O Br Cl?

    Asked by Anonymous

    Among the elements listed, chlorine (Cl) has a
    noble gas electronic configuration. Chlorine has an atomic number of 17,
    and its electron configuration is [Ne] 3
    Read more

    Noble Gases

    Why did we choose that particular helium gas?

    Asked by Anonymous

    We chose that particular helium gas due to its high purity and consistent quality, which ensures reliable
    performance in our applications. Additionally, its low
    Read more

    Noble Gases

    What does a noble death mean?

    Asked by Anonymous

    A noble death refers to passing away with dignity, honor, and purpose, often in the service of a greater cause or
    for the benefit of others. It is characterized
    Read more

    Noble Gases

    What is the configuration of the gas sr?

    Asked by Anonymous

    The gas strontium (Sr) is typically found in its elemental form as a solid at room temperature, but when ionized, it can exist in a gaseous state.
    The electron
    Read more

    Noble Gases

    The what determined how rich a noble was.?

    Asked by Anonymous

    The wealth of a noble was primarily determined by the size and
    productivity of their landholdings, as land was the main source of income during feudal times.
    Th
    Read more

    Noble Gases

    What were the two main career paths put before noble boys?

    Asked by Anonymous

    Noble boys in the medieval period typically faced two main career paths: military service
    and clerical roles. Many were trained for a life of chivalry, which in
    Read more

    Noble Gases

    Why does noble gases have larger positive electron gain in enthalpy?

    Asked by Anonymous

    Noble gases have larger positive electron gain enthalpies because they possess a complete valence shell,
    making them energetically stable and less inclined to a
    Read more

    Noble Gases

    Where to refill Helium tank?

    Asked by Anonymous

    You can refill a helium tank at various locations, including party
    supply stores, specialty gas suppliers, and
    some large retail chains that sell balloons. Addi
    Read more

    Noble Gases

    What type of metals are noble gases?

    Asked by Anonymous

    The Noble(Inert) gases are NOT Metals. https://git.alcran.com/aidanhawdon833/fallon1992/-/issues/12

  • Gichardfat says:

    Thank you for the good writeup. It actually was a leisure account it. Look complex to more brought agreeable from you! However, how can we keep in touch?
    https://teletype.in/@avtobloggerua/B8-lsvQ4Hyu

  • look at this says:

    Yes, bike riding can be beneficial for tight hamstrings as it promotes flexibility and improves range of motion. The cycling motion helps to gently stretch and
    Read more

    Bicycles

    +1

    How often grease chain on cbr 60rr?

    Asked by Anonymous

    For a Honda CBR 600RR, it’s generally recommended to grease the chain every 400-600 miles, or
    after every significant ride in wet or dirty conditions.
    Always ch
    Read more

    Bicycles

    Can you put a child seat on an electric bike for safe transportation of young passengers?

    Asked by Paige Grant

    Yes, you can install a child seat on an electric bike for transporting young passengers—but safety should always
    be your top priority. At Webmok, we recommend
    c
    Read more

    Inventions

    +3

    How did James wright die?

    Asked by Anonymous

    James Wright, the American poet, passed away on September 25, 1980, from cancer.
    He had been battling the illness for several years, and his health had signific
    Read more

    Bicycles

    What is cromoly?

    Asked by Anonymous

    Cromoly, short for chrome-molybdenum steel, is an alloy steel containing
    chromium and molybdenum, which enhances its strength, toughness, and resistance to wear
    Read more

    Bicycles

    What are the different types of bike shoes available in the market?

    Asked by Mohammed Parisian

    Bike shoes are designed for different cycling styles.
    Road shoes are stiff and lightweight for speed,
    mountain bike (MTB) shoes have treaded soles for traction,
    Read more

    Bicycles

    How much will it cost for a brad new ronghui mountain bike?

    Asked by Anonymous

    The cost of a brand new Ronghui mountain bike can vary significantly based on the model and specifications,
    typically ranging from around $300 to $1,000 or more
    Read more

    Bicycles

    What are the features and benefits of a handicapped bicycle for individuals with mobility challenges?

    Asked by Kelli Prosacco

    MovePlus Mobility is a global relocation and mobility solutions provider
    that helps companies move employees smoothly from one location to another.
    From plannin
    Read more

    Bicycles

    How can I find a reliable service for bike rack repair in my area?

    Asked by Roxane Bode

    A simple way is to search “bike rack repair near me” on Google Maps or Google Search,
    then: Check customer reviews and ratings Compare prices and services Choo
    Read more

    Bicycles

    What is the best cycle to wash shoes in a washing machine?

    Asked by Greyson Swaniawski

    The best cycle to wash shoes in a washing machine is the gentle or delicate cycle with cold water and a small amount of mild detergent.

    It is important to remov
    Read more

    Bicycles

    When did john britten build his first bike?

    Asked by Anonymous

    John Britten built his first motorcycle, the Britten V1000, in 1991.
    This innovative bike showcased his engineering skills and unique design philosophy, leading
    Read more

    Bicycles

    +1

    What is the sprocket sizes of a 20 inch diamondback joker bmx
    bike?

    Asked by Anonymous

    The Diamondback Joker BMX bike typically features a 25-tooth front sprocket
    and a 9-tooth rear driver, which is common in BMX setups for a balance of speed
    and
    Read more

    Bicycles

    What are the benefits of using hybrid tires on a mountain bike?

    Asked by Alanis Price

    Hybrid tires on a mountain bike offer a balance between grip and speed, making them versatile
    for various terrains. They provide better traction on both pavemen
    Read more

    Bicycles

    What are the benefits of using aero bars on a hybrid bike for long-distance rides?

    Asked by Ulises Koss

    Aero bars on a hybrid bike can provide benefits for long-distance
    rides by allowing the rider to adopt a more aerodynamic position,
    reducing wind resistance and
    Read more

    Bicycles

    How can I use a Diamondback bike serial number decoder to identify the
    specific details and history of my Diamondback bike?

    Asked by Camila Kling

    To use a Diamondback bike serial number decoder, locate the serial number on your bike frame and enter it
    into an online decoder tool. The decoder will provide
    Read more

    Bicycles

    Sophia is purchasing a new bike bike world?

    Asked by Anonymous

    Sophia is excited to purchase a new bike from Bike World, where
    she plans to explore a variety of options tailored to her riding style.
    She has researched diffe
    Read more

    Motorcycle Law

    +2

    Does Fresno require adult bicyclists to wear a helmet?

    Asked by Anonymous

    No, Fresno does not require adult bicyclists to wear a helmet.
    However, California state law mandates that all
    riders under 18 years old must wear a helmet whil
    Read more

    Bicycles

    How would your pedalling be affected if you only had one gear
    on your bike?

    Asked by Anonymous

    If you only had one gear on your bike, your pedalling would be affected by a fixed gear ratio, limiting your ability to adapt to different terrains.
    On steep in
    Read more

    Bicycles

    Would you prefer laminar or turbulent flow for bike racing and why?

    Asked by Anonymous

    For bike racing, laminar flow is generally preferred as it reduces drag, allowing for smoother and more
    efficient movement through the air. In laminar flow, the
    Read more

    Bicycles

    How much did a schwinn lemon peeler krate cost new in 1972?

    Asked by Anonymous

    The Schwinn Lemon Peeler Krate bicycle was introduced in 1971
    and typically sold for around $90 in 1972. This price reflected
    its unique design and features, su
    Read more

    Bicycles

    +1

    What tool should you use to remove pegs on a bmx bike?

    Asked by Anonymous

    You can use a wrench or socket wrench to remove BMX pegs.
    Make sure to choose the correct size for the bolts so you don’t strip them. http://sdkpod.efun.com/idazimmerman49/1459482/-/issues/32

  • view page says:

    To add a transaction code and name to your Portal favorites panel
    on the home tab screen, first navigate to the desired transaction.
    Once you’re on the transact
    Read more

    Microsoft Excel

    Which situations should be reported Select ALL that apply?

    Asked by Anonymous

    Situations that should be reported typically include any incidents of harassment or discrimination, safety hazards or violations, unethical behavior, and any mi
    Read more

    Microsoft Excel

    What is a phylogenetic chart?

    Asked by Anonymous

    A phylogenetic chart, or phylogenetic tree, is a diagram
    that represents the evolutionary relationships among various
    biological species or entities based on th
    Read more

    Microsoft Excel

    What are disadvantage of a workbook?

    Asked by Anonymous

    Workbooks can be cumbersome when handling large datasets,
    leading to slow performance and potential crashes.
    They may also lack collaboration features, making i
    Read more

    Microsoft Excel

    What moves the insertion point to the next cell in the row?

    Asked by Anonymous

    In spreadsheet applications like Microsoft Excel or Google Sheets, pressing the “Tab” key moves the insertion point to
    the next cell in the row. This
    Read more

    Microsoft Excel

    In iperms When creating a spreadsheet of data which report of output format should you choose?

    Asked by Anonymous

    When creating a spreadsheet of data in IPERMS,
    you should choose the “Excel” output format for easy manipulation and analysis of the data.
    This format
    Read more

    Microsoft Excel

    Excel is an example of?

    Asked by Anonymous

    Microsoft Excel is an example of spread sheets of tw
    are. http://sdkpod.efun.com/delilahsorrell/4498604/-/issues/47

  • visit now says:

    A sole proprietorship is typically a small business owned and
    operated by a single individual, making it ill-suited for managing a large corporation. Large corp
    Read more

    Business & Finance

    What is an unaffiliated stockholder?

    Asked by Anonymous

    An unaffiliated stockholder is an investor who holds shares in a company but does not have any formal relationship or connection with the company’s management o
    Read more

    Business & Finance

    +2

    Why are business activities like railways often owned and run by the
    state?

    Asked by Anonymous

    Business activities like railways are often owned and run by the state due to their essential
    role in national infrastructure and economic development.
    State ow
    Read more

    Business & Finance

    How can Ecuador have US currency?

    Asked by Anonymous

    Ecuador adopted the U.S. dollar as its official
    currency in 2000 to stabilize its economy after a severe financial crisis.

    By dollarizing, the country aimed to
    Read more

    Business & Finance

    +1

    What is a payee id?

    Asked by Anonymous

    A payee ID is a unique identifier assigned to a payee, which can be an individual or organization that receives payments.

    This ID is often used in financial tra
    Read more

    Business & Finance

    Why were corporations so popular?

    Asked by Anonymous

    Corporations became popular due to their ability to limit the financial liability of owners, allowing individuals to invest without risking personal assets.

    Thi
    Read more

    Business & Finance

    What is bill gates backround?

    Asked by Anonymous

    Bill Gates was born on October 28, 1955, in Seattle, Washington. He showed an early interest
    in computers and programming, which he pursued at
    Harvard Universit
    Read more

    Business & Finance

    +1

    How many holiday’s does Italy have?

    Asked by Anonymous

    Italy has 12 official public holidays celebrated nationwide.
    These include significant dates such as New Year’s Day, Easter, and the Republic Day on June 2.
    Add
    Read more

    Business & Finance

    How many copyright songs have been issued from
    years 2000 to 2012?

    Asked by Anonymous

    It’s difficult to provide an exact number of copyright songs
    issued from 2000 to 2012, as this data can vary widely
    based on the source and criteria used for co
    Read more

    Business & Finance

    +2

    In a co-operative who is responsible for debts?

    Asked by Anonymous

    In a co-operative, the responsibility for debts typically lies with the co-operative itself rather
    than individual members. This means that the co-operative’s a
    Read more

    Business & Finance

    What are innovative new products?

    Asked by Anonymous

    Innovative new products are items or services that introduce unique features,
    improve functionality, or address unmet consumer needs in novel ways.
    These produc
    Read more

    Business & Finance

    What are some of the critical decisions operation managers make?

    Asked by Anonymous

    Operation managers make several critical decisions, including determining process optimization to enhance efficiency, managing supply chain logistics to ensure
    Read more

    Business & Finance

    Which component of the SMART format is missing in the performance objective?

    Asked by Anonymous

    To determine which component of the SMART format is missing in a performance objective, we
    need to analyze the specific objective against the SMART criteria:
    Sp
    Read more

    Business & Finance

    Why woulf a financial manager want to slow down disbursement?

    Asked by Anonymous

    A financial manager may want to slow down disbursement to improve cash flow and maintain liquidity,
    allowing the company to meet its short-term obligations more
    Read more

    Business & Finance

    +1

    What is the average price per square foot in Alabama?

    Asked by Anonymous

    As of my last update, the average price per square foot in Alabama typically ranges from $100 to $150,
    depending on the location and property type. Urban areas
    Read more

    Business & Finance

    Technology affects changes in supply cite an example?

    Asked by Anonymous

    Technology significantly influences supply by enhancing production efficiency and reducing
    costs. For example, the introduction of automation in manufacturing a
    Read more

    Business & Finance

    What are the advantages and disadvantages of four types of foodservice system?

    Asked by Anonymous

    The four main types of foodservice systems are conventional, commissary, ready-prepared,
    and assembly/serve. Advantages: Conventional systems offer fresh, made-
    Read more

    Business & Finance

    Michael invested a total of 14000 in two certificates of deposit.
    One pays 5 interest and the other pays 6 interest.
    His total interest at the end of one year is 780. How
    much is invested in the CD th?

    Asked by Anonymous

    Let ( x ) be the amount invested at 5% and ( 14000 – x
    ) be the amount invested at 6%. The equation for the total
    interest can be written as: [ 0.05x + 0.06(140
    Read more

    History, Politics & Society

    +3

    What are the positive aspects of football?

    Asked by Anonymous

    Football promotes teamwork and collaboration, as players must work together to achieve a common goal. It also encourages physical fitness and healthy competitio
    Read more

    History, Politics & Society

    +2

    What are the reasons for stopping the manufacturing of coca cola and fanta in India?

    Asked by Anonymous

    The manufacturing of Coca-Cola and Fanta in India has been suspended primarily due to concerns about water usage and pollution. Local communities and environmen
    Read more

    Business & Finance

    +1

    What are the titles and functions of the 4 financial statements usually included in an audit financial report?

    Asked by Anonymous

    The four primary financial statements included in an audit financial report are the Balance Sheet, Income Statement, Statement of Cash Flows, and Statement of C
    Read more

    Business & Finance

    How do you reduce economic leakage?

    Asked by Anonymous

    To reduce economic leakage, it’s essential to promote local spending by encouraging residents and businesses to buy from local suppliers and service providers.
    Read more

    Business & Finance

    What is the carrier for water craft?

    Asked by Anonymous

    The carrier for watercraft typically refers to a device or vessel designed to transport boats, ships, or other watercraft over land or water. Common types inclu
    Read more

    Business & Finance

    +2

    How are Brand loyalty specialty goods and services and prestige pricing related?

    Asked by Anonymous

    Brand loyalty is closely linked to specialty goods and services, as these products often offer unique features or quality that appeal to consumers, fostering a
    Read more

    Business & Finance

    +2

    What is a business consultant?

    Asked by Anonymous

    A business consultant is a professional who helps companies improve how they run and make better decisions. They usually work with businesses on a short-term ba
    Read more

    PreviousNext

    Trending Questions
    What is infosys business? The file extension mid means the file is a? What is variable costing method? What is the difference between a directors report and a chairmans statement? What is the meaning of non appearance visa? African countries and their zip codes? What are some legitimate ways to make money online? How do finance and accounting work together? What are the numbers on a ruler up to an inch? Once sheared where is the alpaca fleece market? What are 4 conditions that need to be met for revenue to be recognized under accrual basis accounting? Can you use a trademarked product as a ingredient in your product? How many employees work for new look? Need and importance of public deposit? Which are the Components of capital structure? Do people get to choose to work in sweatshops? Jobs that pay more then 9 dollars an hour? Can managers get employees to accept working with colleagues who are different from themselves more readily? What are the top three things people go into debt for? Are American women treated differently in china?

    Resources
    Leaderboard All Tags Unanswered

    Top Categories
    Algebra Chemistry Biology World History English Language Arts Psychology Computer Science Economics

    Product
    Community Guidelines Honor Code Flashcard Maker Study Guides Math Solver FAQ

    Company
    About Us Contact Us Terms of Service Privacy Policy Disclaimer Cookie Policy IP Issues Cookie Settings

    Copyright ©2026 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers. http://sdkpod.efun.com/qqeprince0784/art1988/-/issues/1

Leave a Reply

error: Content is protected !!