Skip to main content
NVOCC Articles

Global Trade Review

By March 14, 2019October 1st, 202641,866 Comments

International Maritime Bureau

takes on bill of lading fraud with carrier register

Read News

The International Maritime Bureau (IMB) is seeking to stamp out bills of lading fraud with a code of conduct register for non-vessel owning common carriers (NVOCCs).

IMB is a division of the International Chamber of Commerce (ICC) that specialises in tackling maritime crime and malpractice.

IMB claims that up to 95% of the false – erroneous or fraudulent – bills of lading it has identified are issued by NVOCCs.
IMB bill of lading fraud with carrier register

Key Highlights

1

The bureau

which conducts bills of lading checks for its members, states that while the vast majority of NVOCCs issue documents correctly, there is a small minority that do not.
2

According to IMB

This could lead to fraudulent practices, and banks that unwittingly process false bills of lading may find no cargo underlying the documents, or that the shipments are misrepresented.
3

Emergence of eBLs

The emergence of eBLs has the potential to revolutionise the international trade industry as archaic paper-based systems mean goods are often held up in ports waiting for bills of lading to verify the goods. In addition to the increased speed of document transfers, the use of a blockchain-based system is also expected to significantly reduce the risk of fraudulent bills of lading being processed.
4

Bill of Lading Centre Stage

Bill of lading modernisation has taken centre stage recently: earlier this year tech giant IBM partnered with Pacific International Lines (PIL), one of Southeast Asia’s largest shipping firms, to complete a real-time pilot of its electronic bill of lading (eBL) add-on for the IBM Blockchain Platform.Elsewhere, platforms like Bolero and essDocs have long been working on industry-approved eBL applications that give carriers and logistics providers the ability to create, send and manage bills of lading digitally.
5

Bolero partnered with Evergreen Line

Bolero recently partnered with container carrier Evergreen Line to produce a paperless bill of lading and dispatch documentation via its ShipmentLink portal. It is also looking at how to redesign its eBL service using blockchain technology, following the signing of a memorandum of understanding with fintech consortium R3 in October.
6

NVOCC Register

The IMB NVOCC Register, which was launched in Singapore on January 15, will include a set of anti-fraud standards for the issuance of bills of lading and aims to create a database of creditable carriers that can be referred to by a NVOCC’s counterparties.
7

According to IMB

Member banks may also be able to process documents of carriers on the register faster than non-members
8

An IMB spokesperson tells GTR

The bureau’s members are encouraging their NVOCCS to join and that it has registered more than 10 carriers so far.
9

The spokesperson explains

Incidents of ship-owners/carriers or their agents issuing false bills of lading are uncommon because they take a big risk in doing so and open themselves to legal action.
10

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.”

Related Posts

NVOCC Articles FIATA

FIATA

adminJuly 23, 2019
NVOCC Articles MarineLink

MarineLink

adminMarch 14, 2019
NVOCC Articles Corporate Fair Trade Community

Corporate Fair Trade Community

adminMarch 14, 2019

41,866 Comments

« Older Comments
Newer Comments »
  • CrystalSinge says:
    June 4, 2026 at 4:05 pm

    Я извиняюсь, но, по-моему, Вы допускаете ошибку. Могу это доказать.
    online casino, first time at casino is an exciting method to enjoy gambling from the comfort of home. Players can opt for various games, covering from slots to table games. Promotions enhance the gaming experience further.

  • najlepsze kasyna online says:
    June 4, 2026 at 5:33 pm

    Awesome post. It’s so good to see someone taking the time to share this information

  • MikegUs says:
    June 4, 2026 at 6:23 pm

    Это ценный ответ
    ck444 casino, ck444 offers an exciting gaming experience for enthusiasts worldwide. With various options for slots and table games, it meets the needs of both inexperienced players and seasoned pros. Join now and discover the excitement of playing at ck444 casino!

  • Brendapedly says:
    June 4, 2026 at 6:32 pm

    круто))) хорошая отмазка)))
    Gagner au paris nГ©cessite de la chance. Avec des stratГ©gies adaptГ©es, vous pourrez maximiser vos retours. N’oubliez pas de vous amuser tout en jouant. win ma chance casino, ma chance casino peut offrir des opportunitГ©s uniques pour participer votre chance. Testez diverses options et restez toujours prГЄts.

  • najlepsze kasyna online says:
    June 4, 2026 at 7:27 pm

    These kind of posts are always inspiring and I prefer to read quality content so I happy to find many good point here in the post. writing is simply wonderful! thank you for the post

  • run a one person company opc solo business with an AI operator says:
    June 4, 2026 at 8:19 pm

    run a one person company opc solo business with an AI operator|AI Business Operator · one person company opc|AI marketing agent|AI operator|AI workflow automation|AI agent for business AI Business Operator · one person company opc

  • Amypoina says:
    June 4, 2026 at 8:34 pm

    Я конечно, прошу прощения, но это мне не подходит. Есть другие варианты?
    The engaging gameplay of ck444 game, ck444 offers gamers a unique journey. In this dynamic world, players can discover various challenges and quests, leading to endless hours of fun and entertainment. The network surrounding ck444 game is welcoming, fostering collaboration among gamers.

  • Sign Up says:
    June 4, 2026 at 8:58 pm

    Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.

  • Kimberlyanype says:
    June 4, 2026 at 9:02 pm

    ДА, это вразумительное сообщение
    Dans le monde du jeu, la fortune joue un rГґle crucial. Avec le casino win ma chance, win ma chance casino, les amateurs de jeux espГЁrent dГ©crocher le gros lot. Chaque partie peut changer leur vie en un instant. Le frisson est palpable, et chaque tirage est une opportunitГ© pour gagner. Les mГ©thodes varient, mais l’adrГ©naline est toujours au rendez-vous.

  • Angeladauck says:
    June 4, 2026 at 10:29 pm

    Браво, какие слова…, блестящая мысль
    L’application 1xbet app, 1xbet app propose une expГ©rience de pari unique. GrГўce Г  cette application, les parieurs peuvent profiter Г  une large gamme de sports. L’apparence est simple, rendant le processus encore plus agrГ©able. En somme, 1xbet app change la maniГЁre de interagir dans le monde du jeu.

Leave a Reply

error: Content is protected !!