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 »
  • legalne kasyna online says:
    June 30, 2026 at 10:15 am

    Fantastic piece of writing here1

  • najlepsze kasyna online says:
    June 30, 2026 at 10:17 am

    I enjoy your blog posts, saved to my bookmarks!

  • online casino nz says:
    June 30, 2026 at 10:20 am

    I believe you have remarked on some very interesting points , thankyou for the post.

  • online casino nz says:
    June 30, 2026 at 10:21 am

    A neighbor of mine encouraged me to take a look at your blog site couple weeks ago, given that we both love similar stuff and I will need to say I am quite impressed.

  • best online casino new zealand says:
    June 30, 2026 at 10:34 am

    I imagine so. Very good stuff, I agree totally.

  • Vivod iz zapoya na domy_nlmi says:
    June 30, 2026 at 11:07 am

    Народ в Екбе. Отец ушел в штопор четвертые сутки. Дети в школу боятся идти. Участковый только руками разводит. В итоге, выручили только эти ребята — вывод из запоя цены ниже чем в клиниках. Примчались за полчаса. В общем, там и цены и контакты — сколько стоит прокапаться https://vyvod-iz-zapoya-na-domu-ekaterinburg-rfj.ru Не ждите чуда. Кто в беде — тому пригодится.

  • Vivod iz zapoya na domy_xcmt says:
    June 30, 2026 at 11:11 am

    Слушайте. У нас беда приключилась. Дети плачут. Скорую вызывать бесполезно — всё равно не приедут. Короче, единственные кто взялся и не прогадал — круглосуточный вывод из запоя в Екатеринбурге. Капельницу поставили сразу. В общем, сохраните себе на всякий — нарколог капельницу на дому https://vyvod-iz-zapoya-na-domu-ekaterinburg-bqm.ru Не откладывайте. Скиньте кому пригодится.

  • Vivod iz zapoya na domy_maMt says:
    June 30, 2026 at 11:56 am

    Здорово, народ. Брат снова в штопоре. Жена места себе не находит. Платные клиники — грабёж. Короче говоря, единственные кто помог без нервотрёпки — профессиональный вывод из запоя недорого. Укололи детокс. В общем, цены и телефон тут — капельница от похмелья на дому капельница от похмелья на дому Не тяните время. Киньте ссылку тем, кто рядом с бедой.

  • Vivod iz zapoya na domy_twpn says:
    June 30, 2026 at 12:37 pm

    Здарова, народ. Знакомый уже неделю в запое. Соседи грозятся вызвать полицию. Скорая не приедет — не тот случай. Короче, помогли только эти ребята — капельница от запоя на дому. Вкапали систему сразу. В общем, жмите чтобы не забыть — прокапаться от алкоголя прокапаться от алкоголя Каждый час без помощи — это риск. Передайте тем, кто в беде.

  • Vivod iz zapoya na domy_zcEi says:
    June 30, 2026 at 12:54 pm

    Слушайте что расскажу. Попал я в переплёт конкретный. Муж просто пропадает. Соседи стучат в дверь. Платные клиники просят бешеные деньги. Короче, только это и спасло — срочный вывод из запоя круглосуточно. Приехали через час. В общем, там контакты и прайс — вывод из запоя наркология вывод из запоя наркология Не надейтесь на авось. Перешлите тому кому надо.

Leave a Reply

error: Content is protected !!