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 »
  • pereplanirovka kvartir_ffEt says:
    July 16, 2026 at 2:47 am

    Люди подскажите Хочу стену снести Инспекция не пропускает Короче, ребята реально толковые — перепланировка с согласованием в Мосжилинспекции Чертежи сделали В общем, сохраняйте себе — согласование выполненной перепланировки квартиры https://pereplanirovka-kvartir-rbz.ru Потом дороже выйдет Перешлите тому кто ремонт затеял

  • legalne kasyna online says:
    July 16, 2026 at 2:55 am

    Its wonderful as your other blog posts : D, regards for putting up.

  • top 10 casino online australia says:
    July 16, 2026 at 3:01 am

    There is a lot of misunderstanding about these issues today. Your material helps explain things.

  • kasyno online says:
    July 16, 2026 at 3:57 am

    Excellent article!! I am an avid reader of your website:D keep on posting that good content. and I’ll be a regular visitor for a very long time!!

  • proekt pereplanirovki kvartiri_wtEi says:
    July 16, 2026 at 3:58 am

    Народ всем привет Нужно перенести санузел Оказывается без бумажки ты никто Нервов просто нет Короче, единственные кто делает быстро — заказать проект перепланировки недорого И чертежи нарисовали В общем, жмите чтобы не потерять — заказать проект перепланировки квартиры в москве заказать проект перепланировки квартиры в москве Потом себе дороже Перешлите тому кто ремонт затеял

  • vavada_diSa says:
    July 16, 2026 at 4:05 am

    Гемблеры отзовитесь А поддержка молчит как рыба Нервов потратил — мама не горюй Короче, нашел наконец толковое казино — вавада с быстрыми выплатами Фриспины и акции каждый день В общем, жмите чтобы не потерять — vavada казино онлайн vavada казино онлайн Не ведитесь на лохотроны Перешлите тому кто тоже ищет нормальное казино

  • best online casino says:
    July 16, 2026 at 4:12 am

    I just sent this post to a bunch of my friends as I agree with most of what you’re saying here and the way you’ve presented it is awesome.

  • Rabota v Kazahstane_ezmi says:
    July 16, 2026 at 4:26 am

    Народ кто ищет работу Вечно то зарплата копейки Везде одно и то же Короче, нашел отличный сайт — работа вахтой в Казахстане без опыта с проживанием Берут даже без опыта В общем, сохраняйте себе — ищу работу казахстан https://vakansii.sitsen.kz Найдите нормальную работу Перешлите тому кто ищет работу

  • best online casino australia says:
    July 16, 2026 at 4:45 am

    My issues have been very similar, with my family. But, we made some different decisions. It’s complex.

  • pereplanirovka kvartir_miEt says:
    July 16, 2026 at 4:52 am

    Всем привет из Москвы Перенести санузел Инспекция не пропускает Короче, ребята реально толковые — перепланировка с согласованием в Мосжилинспекции Чертежи сделали В общем, жмите чтобы не потерять — перепланировка помещений москва https://pereplanirovka-kvartir-rbz.ru Не начинайте без проекта Перешлите тому кто ремонт затеял

Leave a Reply

error: Content is protected !!