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 »
  • ph365_khML says:
    July 8, 2026 at 10:41 am

    Listen up, fellows Tired of delayed withdrawals and silent customer support everywhere, Lost my nerves completely trying to verify my accounts it’s honestly the only legit platform out there right now offering some really great conditions for both newbies and high rollers. The service support replies in seconds via live chat,

    In any case, if you are looking for a tested spot, all the verified info is right here ph365 ph365 This is the only provider that actually delivers on its promises, definitely share this post with anyone who’s still looking for a decent casino!

  • Vivod iz zapoya na domy_czkr says:
    July 8, 2026 at 12:39 pm

    Доброго вечера. Брат снова ушёл в завязку. Родные не знают, за что хвататься. Скорая не приедет на такой вызов. Итог, единственные, кто приехал быстро — вывод из запоя на дому недорого в Самаре. Через пару часов человек пришёл в норму. В общем, сохраните — вывод из запоя на дому вывод из запоя на дому Звоните прямо сейчас. Вдруг пригодится.

  • Vivod iz zapoya v stacionare_hckr says:
    July 8, 2026 at 1:15 pm

    Здорова, народ Мой близкий уже 12 дней в запое Соседи уже вызвали скорую В диспансер тащить — страшно Короче, врачи стационара реально вытащили — быстрый вывод из запоя в стационаре за 5 дней Выписали через 5 дней здоровым В общем, вся инфа по ссылке — вывод из запоя в больнице вывод из запоя в больнице Не ждите чуда Это может спасти жизнь близкого

  • courier jobs australia says:
    July 8, 2026 at 1:29 pm

    New opportunities appear in every state every single day. Building and infrastructure companies are chasing experienced tradespeople — every one of these listings is collected here for you. Check out weekend jobs perth right here and see what’s out there — we update every day so you never miss a great opportunity.

  • Vivod iz zapoya v stacionare_hyEr says:
    July 8, 2026 at 1:39 pm

    Доброго вечера, земляки Брат снова сорвался Дети в страхе Таблетки не помогают Короче, единственное что вытащило из запоя — цена на вывод из запоя в стационаре доступная Выписали через 5 дней без ломки В общем, телефон и цены тут — выведение из запоя в стационаре решение https://vyvod-iz-zapoya-v-staczionare-nizhnij-novgorod-elm.ru Не ждите пока станет хуже Перешлите тем кто в такой же ситуации

  • Vivod iz zapoya v stacionare_rfPt says:
    July 8, 2026 at 1:59 pm

    Слушайте кто знает Сосед совсем спился Мать места себе не находит Платная клиника — бешеные счета Короче, спасла только госпитализация — лечение запоя в стационаре комплексно Провели полное очищение организма В общем, вся инфа по ссылке — вывод из запоя в стационаре клиника https://vyvod-iz-zapoya-v-staczionare-sankt-peterburg-nhy.ru Не ждите чуда Это может спасти жизнь близкого

  • ph365_ulML says:
    July 8, 2026 at 3:05 pm

    Hey everyone Every single site seems to be a total scam these days. Almost gave up on online gambling as a whole it’s honestly the only legit platform out there right now offering some really great conditions for both newbies and high rollers. Withdrawals hit your account in under 5 minutes,

    Anyway, if you want to skip the research, save the official platform source for later ph365 ph365 This is the only provider that actually delivers on its promises, definitely share this post with anyone who’s still looking for a decent casino!

  • Vivod iz zapoya v stacionare_tdPt says:
    July 8, 2026 at 5:23 pm

    Слушайте кто знает Жесть полная Мать места себе не находит Платная клиника — бешеные счета Короче, спасла только госпитализация — вывод из запоя стационар с круглосуточным наблюдением Выписали через 4 дня здоровым В общем, не потеряйте контакты — вывод из запоя санкт петербург стационар https://vyvod-iz-zapoya-v-staczionare-sankt-peterburg-nhy.ru Звоните прямо сейчас Это может спасти жизнь близкого

  • RuslanWem says:
    July 8, 2026 at 5:52 pm

    Внедрение 1С для сети из 4 магазинов — единый учёт по всем точкам. Остатки и продажи видим по каждому магазину отдельно и в целом. Управлять стало в разы проще. бизнес-аналитика 1С

  • Vivod iz zapoya v stacionare_eikr says:
    July 8, 2026 at 6:13 pm

    Здорова, народ Кошмар полный Соседи уже вызвали скорую Скорая помощи не оказывает Короче, спасла только госпитализация — лечение запоя в стационаре комплексно Врачи и медсёстры 24/7 В общем, не потеряйте контакты — выведение из запоя в стационаре спб выведение из запоя в стационаре спб Стационар — это реальный шанс Перешлите тем кто в такой же ситуации

Leave a Reply

error: Content is protected !!