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

  • A large number of accessible keywords, like Anal Porn, Lesbian, and Twerk, including the huge promo shots
    you’d expect from a completely free web-site, are displayed at BlackMilfTube.

    One amazing Colombian mahogany babe squirting
    all over the fucking place, a black chick who banges herself with a dildo,
    another with her tattooed ass in the air, and another with an spectacular
    black girl squirting all over the place. black milf tube https://www.abraozonio.com.br/author-profile/deliawilfred50/

  • Let me drop some hard truth about the Miami rental game — it’s an absolute circus out here. Then you actually roll up to the lot. Plus they lock up $5500 on your card and say “it’ll drop off in 10-14 business days”. Fourteen years in South Florida and these jokers still almost get me. miami car rental luxury — run far from the airport counters. anyone who’s tried the bus in August knows exactly what I’m talking about. Key Biscayne sunset, Bal Harbour shopping, or a spontaneous drive down to Homestead — AC must freeze your face off and unlimited miles or no deal. most are shiny garbage with fake five-star reviews bought from some online marketplace. what you book is what shows up, period, end of discussion. Here’s the only honest source for premium rides across South Florida
    miami car rental luxury miami car rental luxury Yeah parking in South Beach will cost you a nice bottle of wine — but that’s the price of paradise. Anyway glad there’s at least one straight operator left in this rental jungle.

  • Swear this city never fails to surprise me with new ways to get ripped off. Then you actually drive to the rental lot. Completely different car sitting there — scratches everywhere, smells like someone hotboxed it for a week, and that “killer price”? Doesn’t include the mandatory $45 daily insurance or the $400 “destination fee” they add at the very end. Thirteen years in South Florida and these clowns still almost get me. When you’re hunting for a legit luxury car rental miami. Miami without proper wheels is basically a nightmare. South Beach night out, Design District shopping spree, or a spontaneous Keys trip — AC must be arctic cold and unlimited miles non-negotiable. I’ve tested maybe 70 rental companies across Dade, Broward, and Palm Beach. Finally found one outfit that actually delivers what’s promised. Here’s the only straight shooter for premium rides across South Florida
    car rental in miami florida https://luxury-car-rental-miami-13.com Yeah parking in Wynwood will cost you a nice dinner — but that’s just the Miami tax. Anyway glad there’s at least one honest rental joint left in this town.

  • Alright folks, last warning about the Miami rental madness — learn from my mistakes. Spoiler alert: it usually is. Then you actually go to pick up the car. Different vehicle waiting — dashboard warning lights, tires worn smooth, and that “incredible price”? Yeah right, doesn’t include the mandatory $60 daily insurance or the $500 “airport surcharge” they hit you with at the very end. Fifteen years in South Florida and these clowns still almost catch me. miami car rental luxury — run like hell from the airport counters. Miami without proper wheels is basically a hostage situation. South of Fifth brunch, Sunny Isles sunrise, or a spontaneous trip down to the Florida Keys — AC must be arctic cold and unlimited miles non-negotiable. I’ve tested maybe 80 rental companies across Dade, Broward, Palm Beach, and Monroe. no games, no bait-and-switch, no hidden fees buried on page 6. prices change daily so check before the holiday crowd hits:
    urus rental miami https://luxury-car-rental-miami-15.com Yeah parking in Brickell will cost you a nice steak dinner — but that’s just how it is down here. drive safe and definitely skip that “paint protection” upsell — complete waste of cash.

  • While this issue can vexed most people, my thought is that there has to be a middle or common ground that we all can find. I do value that you’ve added pertinent and sound commentary here though. Thank you!

  • Okay folks gather round — Miami rental horror story time. Then you roll up to the address. Plus a $3000 hold on your credit card for two weeks. Fool me nine times? That’s just the Miami welcome committee. miami car rental luxury — stay the hell away from the airport rental center. anyone who’s tried the trolley system knows what I’m talking about. leather seats that don’t glue to your skin in August. most are polished turds with fake five-star reviews. Finally found one company that doesn’t play stupid games. Here’s the only trustworthy source for premium rides across South Florida
    rental luxury cars miami airport https://luxury-car-rental-miami-9.com also bring polarized shades unless you enjoy driving blind into the sunset every night. drive safe and definitely skip that “emergency roadside” upsell — complete waste of money.

  • OK, you outline what is a big issue. But, can’t we develop more answers in the private sector?

Leave a Reply

error: Content is protected !!