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 »
  • Vivod iz zapoya na domy_arOt says:
    August 4, 2026 at 10:27 am

    Здорова, народ Отец не выходит из штопора Жена в истерике Таблетки не помогают Короче, только это реально спасло — вывод из запоя в спб с капельницей Через пару часов человек пришёл в себя В общем, не потеряйте контакты — вывод из запоя вызов на дом https://czena.vyvod-iz-zapoya-na-domu-sankt-peterburg-zqe.ru Вывод из запоя на дому — это реальный выход Перешлите тем кто в такой же ситуации

  • JanetJED says:
    August 4, 2026 at 11:25 am

    Случайно нашел сегодня этот форум и специально зарегистрировался, чтобы поучаствовать в обсуждении.
    cedar roofing, asphalt roofing is a popular choice for homeowners due to its durability and aesthetic appeal. Such a roofing provides excellent insulation. Moreover, it can last for decades with proper care. Regular maintenance is important to extend its lifespan. People appreciate the natural beauty of cedar roofing, as it adds a unique charm to any home.

  • Lewislit says:
    August 4, 2026 at 12:12 pm

    I am very glad I found this page, as the information provided here is exactly what I was searching for. It is a highly well-presented, universally applicable summary that perfectly balances detail and readability without leaning toward any specific bias.

    https://bestuniversity.com.ua/

  • casino en ligne international
 says:
    August 4, 2026 at 4:12 pm

    Glad to be one of many visitants on this amazing site : D.

  • Willievon says:
    August 4, 2026 at 4:17 pm

    https://kitgha.ru/ kitgha

  • najlepsze kasyna online says:
    August 4, 2026 at 5:02 pm

    Of course, what a great site and informative posts, I will add backlink – bookmark this site? Regards, Reader

  • tetek online says:
    August 4, 2026 at 5:03 pm

    Thank you for this great piece of content. Best Regards

  • best online casino
 says:
    August 4, 2026 at 5:04 pm

    I would share your post with my sis.

  • casino en ligne suisse
 says:
    August 4, 2026 at 5:09 pm

    You appear to know so much about this, and I see you’re a published author. Thanks

  • Oformit osago onlain_iuMt says:
    August 4, 2026 at 5:49 pm

    Народ всем привет Менеджеры навязывают дополнительные услуги А в итоге всё равно переплачиваешь Короче, быстро и без гемора — осаго онлайн оформить страховку на автомобиль с калькулятором Выбрал самую низкую цену В общем, там калькулятор и цены — купить полюс осаго на авто купить полюс осаго на авто Оформляйте ОСАГО онлайн выгодно Перешлите тому у кого машина

Leave a Reply

error: Content is protected !!