Skip to main content
NVOCC Articles

International Trade Council

By March 14, 2019October 1st, 202639,378 Comments

Misuse of NVOCC Bills of Lading brings

New Certificate to raise Industry Awareness

The ICC Academy — the educational arm of the International Chamber of Commerce (ICC) — in partnership with the International Maritime Bureau (IMB), has developed a specialised certificate for Non-Vessel Owning Common Carriers (NVOCC) Bills of Lading (B/L). Launched today in Singapore at a high-level event, hosted at Enterprise Singapore, the programme aims to raise standards and reliability of maritime trade for active NVOCCs and their trading partners operating in the global market.

ICC Academy General Manager Daniel Kok said:

“Bills of lading are one of the most vital documents associated with trade, making it essential that NVOCCs have the right understanding of their role. Our goal with this certificate is to provide the right knowledge and expertise that will help boost industry standards along the trading transaction chain.”

IMB estimates that over 95{35784a3acc53c3fb97930ebb57e7c2f91cc4408c54cb9242c52169e2b6c96453} of issued B/L by NVOCC are incorrect. In today’s complex international environment, it is crucial that documents are not only delivered properly but also comply with the IMB’s Code of Conduct.

The launch event included a half-day ceremony that featured a demonstration of the certificate programme and a roundtable discussion on IMB’s NVOCC Register, which works to improve anti-fraud standards. The panel was moderated by IMB Director Pottengal Mukundan. Panelists included Steven Tan Kok Boon, Executive Director of the United Overseas Bank; Ramaprasad Perumbala, Director, Trade Finance Operations of Deutsche Bank; Baldev Bhinder, a Partner at Joseph Tan Jude Benny Law Firm; Aarthi Fernandez, Head of Global Trade at Standard Chartered Bank; and Michael Howlett, IMB Deputy Director.

The launch event included a half-day ceremony that featured a demonstration of the certificate programme and a roundtable discussion on IMB’s NVOCC Register, which works to improve anti-fraud standards. The panel was moderated by IMB Director Pottengal Mukundan. Panelists included Steven Tan Kok Boon, Executive Director of the United Overseas Bank; Ramaprasad Perumbala, Director, Trade Finance Operations of Deutsche Bank; Baldev Bhinder, a Partner at Joseph Tan Jude Benny Law Firm; Aarthi Fernandez, Head of Global Trade at Standard Chartered Bank; and Michael Howlett, IMB Deputy Director

Mr Mukundan — who is also the author of the certificate curriculum — said:
A bill of lading is one of the most critical elements of an international trade transaction. When the content of a bill of lading is manipulated, the risks of fraud, malpractice or money laundering increases significantly for the stakeholders relying upon it — these include banks, shipping companies and counterparty traders. It is therefore important that NVOCCs understand the key role played by the bill of lading that they issue and the need for them to accurately represent the physical shipment.

The e-course covers everything from the basics of trade logistics and recognising the process of B/L issuance to the reliance of stakeholders on correct B/L and how the document can be misused along with its consequences. Designed for NVOCCs operating in global markets — as well as related stakeholders in banks, actual carriers, cargo owners and other general traders — the interactive programme offers case studies, structured lessons, self-assessments, models, videos and a virtual coach.

39,378 Comments

  • mostbet_qtEt says:

    мостбет мобильная версия https://www.mostbet18247.help

  • JamesKak says:

    canadapharmacyonline com: canadian online pharmacy – canadian family pharmacy

  • Zacharylef says:

    https://mexicanpharm.xyz/# online pharmacy

  • fixEnsug says:

    Хочу выделить материал про Футбольные традиции и культурное наследие клубов.

    Вот, делюсь ссылкой:

    https://liverpoolfamily.ru

  • magazin says:

    Hi there, just becake alett to your blog through Google, and found
    that it is truly informative. I’m gonna watch out
    for brussels. I’ll be grateful if yoou continue this in future.
    Lots of people will be benefited from your writing.

    Cheers!

    Look into my web blog magazin

  • MichaelNah says:

    Здравствуйте!
    Ремонт квартиры в Москве — это услуга, которая включает в себя все необходимые работы по улучшению вашего жилья. Мы предлагаем ремонт квартиры в Москве под ключ, что позволяет вам получить полностью готовое помещение. Наши специалисты проконсультируют вас по выбору материалов и помогут реализовать любые идеи. Мы соблюдаем все сроки и гарантируем качественный результат. Ремонт квартиры в Москве — это ваш комфорт и стиль.
    Ремонт дверей и окон — это улучшение не только внешнего вида, но и энергоэффективности вашего дома. Мы выполняем ремонт дверей и окон, чтобы они служили долго и обеспечивали тепло и безопасность. Ремонт дверей и окон — это комфорт и защита. Ремонт дверей и окон — это улучшение вашего дома.
    Больше информации по ссылке – http://ctcmetar.ru/novosti/25374-idei-dlya-remonta-dvuhkomnatnoy-kvartiry.html
    материалы отделка квартиры, деревянные дома отделка окон, дизайн ремонт в квартирах
    ремонт квартиры цена за метр, двухкомнатные квартиры с отделкой, сдаем дома с отделкой
    Удачи!

  • Timothywag says:

    nane kurutma puf noktalar? hakk?ndaki yaz?y? gercekten begendim. Suradan okuyabilirsiniz: https://hobiprojesi.com/articles/nane-kurutma-ipuclari/

  • Albertves says:

    indian pharmacies safe: indian pharmacy paypal – legal online pharmacy

Leave a Reply

error: Content is protected !!