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

  • StevenGef says:

    Донской район давно считается одним из наиболее востребованных направлений на рынке недвижимости столицы. Именно поэтому ЖК Веспер на Шаболовке вызывает интерес у покупателей, которые рассматривают как покупку жилья для себя, так и инвестиции в перспективный объект: https://vesper-shabolovka.ru/

  • Seriously, the amount of garbage “luxury” deals here is astonishing. You see a sweet ride online — clean spec, fair price, looks legit. Different car, scratches all over, and that “all-inclusive” price? Yeah that didn’t include insurance, fees, or the mandatory cleaning charge. Fool me five times? Actually yeah, Miami keeps fooling everyone. luxury car rental miami fl. ask anyone who’s tried Ubering across the 305 during rush hour. Design District shopping, late-night South Beach cruising, or a spontaneous drive down to Homestead — AC must freeze your teeth and unlimited miles or bust. I’ve gone through maybe 30 rental companies across Dade, Broward, and Palm Beach. no games, no bait-and-switch, no hidden asterisks. check availability before spring break crowds wipe them out:
    porsche for rent near me https://luxury-car-rental-miami-5.com Yeah finding parking in Wynwood will test your patience — but that’s not on them. Anyway glad there’s at least one straight shooter left in this rental jungle.

  • Let me save you some serious pain with this Miami rental nonsense. You see this gorgeous deal online — clean spec, fair price, looks like a dream. Completely different car sitting there — dents everywhere, smells like cheap air freshener covering something worse, and that “dream price”? Doesn’t include the mandatory $50 daily insurance or the $300 “administrative fee” they invent at checkout. Eleven years in South Florida and these clowns still almost get me. miami luxury car rental. Miami without proper wheels is basically a disaster. Key Biscayne sunset, Design District shopping, or a spontaneous drive down to the Everglades — AC must be arctic and unlimited miles non-negotiable. most are shiny garbage with fake Google reviews bought in bulk. Finally found one outfit that actually delivers what’s in the photos. Here’s the only honest source for premium rides across South Florida
    exotic car rental miami beach fl exotic car rental miami beach fl Yeah parking in South Beach will cost you a nice bottle of champagne — but that’s the Miami tax. Anyway glad there’s at least one straight operator left in this rental circus.

  • Cabinet IQ
    8305 Stɑte Hwy 71 #110, Austin,
    TX 78735, United Statеs
    254-275-5536
    Designworkshop

  • 1win_cuka says:

    1win casino promo code 1win47293.help

  • I’ve got the scars to prove it. You find this amazing deal online: brand new Beamer, unlimited miles, price that makes you smile. Different car waiting — scratches everywhere, smells like an ashtray, and that “amazing price”? Doesn’t include the mandatory $400 cleaning fee or the $30 per day toll pass you can’t waive. Fool me eight times? That’s just another Tuesday in the 305. When you need a proper luxury car rental miami. Miami without decent wheels is basically a hostage situation. leather seats that won’t weld themselves to your thighs in July. I’ve run through maybe 45 rental companies across Dade, Broward, and Monroe. Finally found one outfit that doesn’t play stupid games. prices swing like crazy so check before the weekend rush:
    car rental near miami beach car rental near miami beach also bring serious shades unless you enjoy driving straight into the sun like a zombie. Anyway glad there’s at least one straight operator left in this rental circus.

  • Anthonyrob says:

    Spingranny spingranny login ist eine Online-Casino-Plattform mit Spielen, Boni und Aktionen. Dieser Überblick behandelt Spingranny Bewertungen, Login, Registrierung, App-Zugang, Zahlungen und Verfügbarkeit in verschiedenen Ländern.

Leave a Reply

error: Content is protected !!