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 »
  • DanielToith says:
    June 5, 2026 at 7:02 pm

    Experience the excitement of online betting with amazing https://www.nazaret.edu.ec/profile/ixjoker333/profile offers available today. Join thousands of players and enjoy seamless gaming across sports, casino, and live events.

  • Wendykag says:
    June 5, 2026 at 7:49 pm

    Малый жжот))))ыыыыыыыыыыы
    xbagh casino, https://x-bagh.casino/ provides a special gaming environment for players. Featuring a wide range of games, it serves both novices and seasoned players. Step into the thrilling world of xbagh casino today!

  • RichardPal says:
    June 5, 2026 at 8:43 pm

    my site https://tokvideodownloader.click/ar/

  • Samdiawn says:
    June 5, 2026 at 9:33 pm

    Вы, может быть, ошиблись?
    VegaZone Casino, vega-zone.org ist ein spannender Ort, an dem Spieler viele Auswahl an Unterhaltungen finden. Hierzu zählen Würfelspiele und Boardgames für jeden Geschmack!

  • MarySlemy says:
    June 5, 2026 at 9:47 pm

    кульно!!!
    Insekten auf den Speiseplan, https://speiseplan.wien/ zu bringen kann eine aufregende Art sein, umweltbewusst zu handeln. Diese Lebensmittel sind reich an Proteinen und ressourcensparend in der Produktion. Verschiedene KГјchenchefs experimentieren bereits mit Spezies wie Heuschrecken, um neue Gerichte zu kreieren.

  • Mattjoxia says:
    June 5, 2026 at 10:00 pm

    Совершенно верно! Именно так.
    Bangkok escort, https://topgirlsbangkok.com/ offers an exceptional experience for clients desiring companionship. Through stunning ladies, you can explore the lively nightlife of the city. Indulge in unforgettable moments that can create lasting memories.

  • Cassiesal says:
    June 5, 2026 at 10:14 pm

    Буду знать, большое спасибо за объяснение.
    Jeetbuzz App, casinojeetbuzz.org предлагает оригинальные возможности для времяпрепровождения. С простой интерфейсом, каждого пользователь сможет получать удовольствие безграничными вариантами. Jeetbuzz App дает возможность обширному контенту всего в один клик.

  • Sarahziz says:
    June 5, 2026 at 10:27 pm

    надо тож обязательно посатреть**)
    La Riviera Casino, https://larivieracasinoenligne.org/la-riviera-casino-mobile est un lieu exceptionnel oГ№ les joueurs de jeux de hasard peuvent s’amuser. Des jeux Г©lectroniques sont Г  la portГ©e des visiteurs. De plus, l’Г©tablissement propose des activitГ©s de nourriture raffinГ©e pour complГ©ter l’expГ©rience.

  • LesleyApece says:
    June 5, 2026 at 10:41 pm

    По моему мнению Вы не правы. Я уверен.
    Rainbet Nederland, https://rainbetnederland.casino/ biedt een innovatieve keuze voor internet gokken. Met een breed scala aan opties, kunnen gebruikers profiteren aan spannende uitdagingen. Bovendien is de ondersteuning beschikbaar voor hulp.

  • AdamVeits says:
    June 5, 2026 at 10:54 pm

    Это — счастье!
    Uspin Casino, https://u-spin.bet/ предлагает уникальную возможность для участников. Здесь можно обнаружить множество игр, включая лотереи и казино игры. Зайдите в Uspin Casino для того чтобы наслаждаться увлекательным азартом!

Leave a Reply

error: Content is protected !!