International Maritime Bureau (IMB)
launches new NVOCC Code of Conduct
The ICC International Maritime Bureau (IMB) has established a register for Non-Vessel-Owning Common Carriers (NVOCCs). The purpose of the register is to improve anti-fraud standards and to encourage higher standards by providing a mechanism to recognise. participating NVOCCs that adhere to a minimum standard of anti-fraud measures in their operations.
According to the IMB, NVOCCs issue more than 90% of all suspect bills of lading identified in its database. Suspect bills of lading are those which have false contents, including the incorrect vessel, dates, description of the cargo, container numbers or parties. They are presented to banks in order to commit fraud, money laundering, illegal capital flight and to bypass sanctions.
For the purposes of the scheme an NVOCC is defined as “a company that issues bills of lading and assumes the role of the carrier of the cargo.” Joining the IMB scheme does not relieve an NVOCC of its obligation to register its company or activities with the local authority concerned, for instance the Federal Maritime Commission (FMC). It is relevant to point out to our readers that the ICC’s and the IMB’s definition of an NVOCC is specifically ‘Non-Vessel-Owning Common Carrier’ whereas other organisations, such as the FMC, the World Shipping Council and the TT Club, define an NVOCC as a ‘Non Vessel-Operating Common Carrier’.
Whilst it is acknowledged that there are many NVOCCs that operate to high standards, the simple fact cannot be ignored that there are some that do not. This sector is unregulated in many countries and the standards of trade knowledge are very variable. The result has been that bills of lading are issued by them and financed by banks posing a risk of fraud or money laundering for banks.
The objective of this initiative is to impose a greater degree of accountability upon NVOCCs. It is hoped to increase the essential role played by the bill of lading. At BIFA, from the communications it regularly receives, it is clear that many people do not understand the key threefold role of a bill of lading, and in particular the potential for it to be a ‘negotiable’ document, giving the holder title to the goods. One point that Bifa has emphasised for many years, and which this latest initiative also highlights, is that information declared on a bill of lading has to be accurate. It mirrors the relevant information from the Master bill of lading issued by the physical carrier.
As stated in the opening line of this article the IMB is opening a register of NVOCCs around the world. The scheme is voluntary, but it does intend to differentiate between those traders who wish to demonstrate their expertise and those who do not. NVOCCs will be required to provide their full contact details, including physical business address and the full names of two directors (designated persons) who will assume responsibility for the NVOCC following its joining of the register.
The ICC and the IMB have written a Code of Conduct detailing acceptable business practices to be followed by NVOCCs when issuing and processing bills of lading. NVOCCs seeking registration with the IMB will be required to sign the Code of Conduct valid for one year. In addition, NVOCCs will be required to pay an administrative fee for registration. The identity of all registered NVOCCs will be published on a website administered by the IMB. It should be noted that the website will not include information on designated persons.
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).
The agreement includes a requirement for NVOCCs to promptly answer questions from the IMB regarding a bill of lading issued. If an NVOCC is unable to satisfactorily explain a query regarding a bill of lading issued by it, or there is some evidence that the document contained false information, it will be recorded as a ‘strike’ in the IMB’s database. Two such ‘strikes’ within year will result in the NVOCC’s removal from the Register, unless it can demonstrate that it has put procedures in place to ensure that these errors are no longer repeated. Suggested corrective actions include sending staff on training courses and close monitoring of their work.
The very broad definition of an NVOCC has to be borne in mind when taking this new proposal into consideration. In effect, any forwarder issuing a house bill of lading is likely to fall within the scope of this registration scheme and could therefore join it. Like many such voluntary schemes the registration requirements are relatively low and currently there does not appear to be a substantive mechanism to ensure compliance.
However, any scheme aiming to improve standards is to be welcomed and membership of the scheme should be regarded as indicating an NVOCC’s commitment to meet minimum acceptable standards relative to issuing essential trade documentation papers. It is hoped that this will be beneficial to the shipping and freight industry and will surely reduce potential exposures to fraudulent activity in the supply chain.
http://myaventura.ru/includes/pgs/1xbet.html
1win зеркало, https://1win-clz922pr.cam/ — это удобный способ доступа к платформе для ставок. Игроки могут наслаждаться разнообразными возможностями, не опасаясь блокировок. Ресурсы предлагают приемлемые условия для ставок на спорт.
Thank you for putting together such a well-organized and perfectly balanced summary. The way you organized the facts allows the reader to follow along effortlessly without missing any key details here.
Buy viagra pills for children sex video
Отличное сообщение ))
1win официальный сайт, https://1win-yu4re.sbs предоставляет пользователям удобный интерфейс для ставок и азартных игр. В данном ресурсе можно найти различные предложения для ставочников. Сохраняется безопасность и защита клиентов.
pin up официальный сайт, https://pinup-ozg66uj.top/ предоставляет уникальные возможности для любителей азартных игр. На платформе пользователи могут найти широкий ассортимент аппаратов. Акции помогут начать игру с задорным настроением.
El juego en red se ha transformado en una moda. Uno de los mГЎs populares es aviator casino, https://americancom.com.bo/2026/07/19/aviator-la-revolucion-de-los-juegos-de-casino-en-linea/, donde los aficionados pueden probar su habilidad y planificaciГіn en un ambiente emocionante y vibrante.
Тут впрямь балаган, какой то
S8 dạo này mình thấy nhắc nhiều nên cũng tò mò bấm vào xem thử trang họ làm thế nào. Mình không kiểu ngồi đọc hết từng mục đâu, chỉ lướt qua để xem giao diện có dễ hiểu không với thông tin có rõ ràng không. Cảm giác đầu tiên là chữ nghĩa khá gọn, không bị nhồi nhét câu từ quá đà, nhìn vào biết họ đang nói về mấy thứ cơ bản như trang chủ đăng ký đăng nhập và chuyện kiểm tra link cho an toàn. Mình thích kiểu trình bày theo từng khối nội dung ngắn, kéo xuống là thấy các tiêu đề tách bạch nên không bị rối mắt. Menu cũng đặt chỗ dễ thấy, bấm qua lại mấy phần thông tin vẫn mượt, và các heading kiểu “vì sao nên truy cập đúng link” nhìn khá nổi bật trên trang.
Извините, что я Вас прерываю, но не могли бы Вы расписать немного подробнее.
Within the thrilling world of Casino & Sportsbook, http://www.app.webtoseo.com/2026/05/30/discover-the-thrills-of-betblast-your-ultimate/, players seek fresh ways to increase their outcomes. With strategies evolving, it’s essential to stay informed for success.
Been playing at true fortune casino roughly six months back after a lad from my footy group dropped the name, and tbh I expected it’d be another one of those cookie-cutter places that vanish by Christmas. Still logging in though, so that says something I suppose.
Game selection is no joke huge — I’d guess around 2,500 slots and tables last I looked. Play’n GO dominate my recents, so expect all the standards — Gates of Olympus gets far too much of my time, and I’ve had a couple of proper hits on Betsoft stuff too. Microgaming older titles are tucked away but they’re there.
Live section is all Evolution as far as I can tell, which is fine by me. Crazy Time pull a fair few players after work, the hosts are real and chatty and quality’s sharp on home broadband. Sign-up offers was around 100% plus and 100 spins on selected slots, wagering sits at 35x which isn’t amazing but isn’t a scam either. I got a tenner no-deposit at one point as well; these rotate quite a bit so it’s worth a read the current ones over on true fortune before depositing.
Min deposit’s ?10 last time I topped up, registration took two minutes plus KYC. Mastercard works fine, Skrill and Neteller are the fast option and they do crypto now for anyone who prefers it. Cashouts on my card took a day and a bit, bank transfer dragged to three days.
What did irritate me: the verification got asked for twice, that stalled my first payout for about 48 hours. Support sorted it but I had to repeat myself. Regulation side and that mattered to me, so it’s the first thing I check now.
They don’t have an app for Android, the responsive site does the job — works well enough on my iPhone, but the filters are fiddly with one hand. I’m still playing there, which is the honest answer.