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 »
  • najlepsze kasyna online says:
    July 16, 2026 at 3:29 am

    Like the way you’ve outlined things. Easy to follow. Not cluttered.

  • top 10 casino online australia says:
    July 16, 2026 at 3:36 am

    Clear, concise and easy to access.

  • AltonSes says:
    July 16, 2026 at 3:53 am

    Исходными материалами для разработки проектов производства работ являются: задание на разработку, выдаваемое строительной организацией как заказчиком проекта производства работ, с обоснованием необходимости разработки его на здание (сооружение) в целом, его часть или вид работ и с указанием сроков разработки; проект организации строительства; Разделы Ар и КР; условия поставки конструкций, готовых изделий, материалов и оборудования, использования строительных машин и транспортных средств, обеспечения рабочими кадрами строителей по основным профессиям https://paritet-project.ru/proekt-proizvodstva-rabot-ppr-na-santehniku/

  • proekt pereplanirovki kvartiri_lwEi says:
    July 16, 2026 at 4:25 am

    Люди подскажите Планирую объединить две комнаты в гостиную Оказывается без бумажки ты никто Потратил уйму времени Короче, нашел наконец нормальную контору — проект перепланировки с согласованием в Москве Всё согласовали за месяц В общем, вся инфа вот здесь — план перепланировки план перепланировки Не начинайте без проекта Перешлите тому кто ремонт затеял

  • vavada_orSa says:
    July 16, 2026 at 4:32 am

    Народ кто в теме Задолбался я уже искать нормальное казино Нервов потратил — мама не горюй Короче, единственное где не кидают — вавада казино зеркало Всё летает как часы В общем, там все подробности — vavada казино vavada казино Только вавада реально рулит Перешлите тому кто тоже ищет нормальное казино

  • Rabota v Kazahstane_ydmi says:
    July 16, 2026 at 4:47 am

    Народ кто ищет работу Вечно то зарплата копейки Работодатели только время тратят Короче, нашел отличный сайт — вакансии в Казахстане с ежедневной оплатой Оплата вовремя В общем, сохраняйте себе — вахтовая работа в казахстане вахтовая работа в казахстане Не сидите без денег Перешлите тому кто ищет работу

  • Normantrarf says:
    July 16, 2026 at 4:56 am

    https://telegra.ph/Prostitutki-Surguta-dlya-seksa-i-intima—vse-chaty-i-vstrechi-18-07-10

  • pereplanirovka kvartir_ymEt says:
    July 16, 2026 at 5:13 am

    Люди подскажите Хочу стену снести А тут столько бумаг Короче, нашел нормальных специалистов — перепланировка квартиры под ключ в Москве с гарантией Техзаключение оформили В общем, смотрите сами по ссылке — resog resog Не начинайте без проекта Перешлите тому кто ремонт затеял

  • kasyno online says:
    July 16, 2026 at 5:22 am

    I think it is a nice point of view. I most often meet people who rather say what they suppose others want to hear. Good and well written! I will come back to your site for sure!

  • best online casino says:
    July 16, 2026 at 5:33 am

    I really believe you will do well in the future I appreciate everything you have added to my knowledge base.

Leave a Reply

error: Content is protected !!