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

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.”

41,866 Comments

  • LhanePhona says:

    Thank you for putting this together with such clarity. It is always refreshing to find a post that gets straight to the facts without drifting off-topic or using complicated wording.

    在线购买他达拉非片用于肛交XXX色情

  • Earnestlip says:

    The discussion here feels very well paced and easy to engage with, because the ideas are introduced clearly and the overall tone remains relaxed, welcoming, and open for readers who want to participate in the conversation.

    Xxx video onlyfans sex video site

  • Stephendix says:

    What makes this post work so well is the combination of a simple structure and a natural tone, because together they create a discussion that feels insightful, genuine, and enjoyable to read from beginning to end.

    在线购买大麻用于XXX成人色情视频

  • Узнайте на какой блок нужен для светодиодной ленты, чем отличается блок питания от LED-драйвера и как правильно выбрать источник питания для светодиодной ленты.
    Такой подход снижает вероятность перегрева и преждевременного выхода оборудования из строя.

    ### Раздел 2. Выбор оборудования

    Перед приобретением ленты необходимо оценить её напряжение, энергопотребление, цвет и уровень защиты.

    ### Раздел 3. Подключение и безопасность

    Соединять контакты нужно внимательно, правильно соблюдая полярность и выбирая надёжные соединительные элементы.

    ### Раздел 4. Практическая польза сайта

    Сведения, размещённые на blok-pitaniya-i-led-lenti.netlify.app, упрощают сравнение решений перед покупкой.

  • Easily, the post is really the greatest on this laudable topic. I concur with your conclusions and will thirstily look forward to your future updates. Saying thank will not just be sufficient, for the wonderful c lucidity in your writing. I will instantly grab your rss feed to stay privy of any updates. Solid work and much success in your business enterprise!

  • Australia cigarette
    Popular Cigarette Brands Available Online in Australia
    Aussie Smoke Hub is an Australian online tobacco shop established in 2024. We offer popular cigarette brands to adult smokers, with trackable shipping across Australia.
    Popular Cigarette Brands
    Marlboro
    Marlboro is recognized internationally for its reliable quality and distinctive blends. Available varieties include Red, Gold and Menthol.
    Manchester
    Manchester offers traditional, light and menthol cigarettes with a balanced taste and clean finish.
    Double Happiness
    Double Happiness is a well-known Asian cigarette brand known for its distinctive aroma and full-bodied tobacco flavour.
    Benson & Hedges
    Benson & Hedges offers refined tobacco blends with a smooth, balanced taste.
    Dunhill
    Dunhill is a premium cigarette brand originating in London known for selected tobacco, smooth flavour and consistent craftsmanship.
    Delivery Across Australia
    Same-state delivery takes approximately 2–4 business days, or 1–2 days with express shipping. Interstate delivery takes three to six business days, or 1–3 days with express shipping. All parcels include tracking. International shipping is not offered.
    Payments and Ordering
    We accept Wise, bank transfer, PayPal and USDT. There is no minimum purchase requirement. Orders cannot be cancelled after payment.
    Incorrect or damaged products may qualify for a refund or replacement within seven days. Photo evidence is required.
    Customer Service
    Support is available through WhatsApp for questions about products, payments, delivery or tracking. Aussie Smoke Hub supplies tobacco products only to customers who have reached the legal smoking age.

  • Узнайте на какой блок нужен для светодиодной ленты, чем отличается блок питания от LED-драйвера и как правильно выбрать источник питания для светодиодной ленты.
    Ресурс содержит практические сведения о параметрах оборудования, его подключении и последующем использовании.

    ### Раздел 2. Выбор оборудования

    Это создаёт необходимый резерв и позволяет устройству работать без постоянной перегрузки.

    ### Раздел 3. Подключение и безопасность

    Работы по монтажу следует проводить при полностью обесточенной системе.

    ### Раздел 4. Практическая польза сайта

    Надёжные сведения имеют особое значение, если монтаж подсветки выполняется своими силами.

Leave a Reply

error: Content is protected !!