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 »
  • https://23winvn.co.com/ says:
    August 9, 2026 at 4:36 am

    If wings are your thing, Tinker Bell’s sexy Halloween costume design is all grown up.

  • JustinRab says:
    August 9, 2026 at 5:29 am

    Состояние пациента отслеживается на каждом этапе, от первичной консультации до дальнейших рекомендаций.
    Детальнее – kodirovanie ot alkogolizma na domu

  • Vivod iz zapoya na domy_esKr says:
    August 9, 2026 at 6:50 am

    Люди помогите советом Близкий человек уже несколько дней в запое Соседи стучат в стену Нужна срочная помощь на дому Короче, врачи приехали и поставили систему — вывод из запоя с выездом врача Сняли ломку и стабилизировали состояние В общем, жмите чтобы сохранить — срочный вывод из запоя в москве https://alkogolizm.vyvod-iz-zapoya-na-domu-moskva.ru Не ждите пока станет хуже Перешлите тем кто в такой же ситуации

  • JamieCruby says:
    August 9, 2026 at 7:29 am

    ко ланта ко ланта

  • Lychshie karnizi_twMi says:
    August 9, 2026 at 9:18 am

    Люди подскажите Выбор огромный но толку ноль То алюминий гнется Короче, единственные кто честно рассказывает — лучший карниз для штор с механизмом Выбор огромный В общем, сохраняйте себе — карнизы производители рейтинг карнизы производители рейтинг Не покупайте наугад Перешлите тому кто ищет карнизы

  • Lychshie karnizi_znmt says:
    August 9, 2026 at 9:18 am

    Всем привет Задолбался я уже искать нормальные карнизы То механизм клинит Короче, нашел нормальный рейтинг — какой карниз лучше выбрать по дизайну Сравнение всех брендов В общем, там рейтинг и отзывы — лучшие потолочные карнизы лучшие потолочные карнизы Не покупайте наугад Перешлите тому кто ищет карнизы

  • Dichaelwrima says:
    August 9, 2026 at 9:41 am

    DK88 casino delivers an impressive combination of slots, live tables, and rewarding player offers.
    dk88 download

  • Lychshie karnizi_dvsa says:
    August 9, 2026 at 11:32 am

    Ребята кто шторы вешал Объездил кучу магазинов — везде одно и то же То дизайн ужасный Короче, нашел нормальный рейтинг — какие карнизы лучше выбрать по материалу Выбор огромный В общем, смотрите сами по ссылке — какие лучше карнизы на окна какие лучше карнизы на окна Изучите рейтинг перед покупкой Перешлите тому кто ищет карнизы

  • ShanePhona says:
    August 9, 2026 at 11:59 am

    DK88 online casino Malaysian gaming fans choose features varied games and attractive promotional offers.
    dk88 download

  • Fobertheads says:
    August 9, 2026 at 1:04 pm

    Enjoy DK88 online casino entertainment responsibly and only if you meet Malaysia’s legal age requirements.
    dk 88 casino

Leave a Reply

error: Content is protected !!