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

  • Trust me, I’ve learned everything the hard way so you don’t have to. You see this gorgeous deal online — clean spec, fair price, looks like a dream. Plus they put a surprise $4000 hold on your card and say it’ll take two weeks to release right before giving you the keys. Eleven years in South Florida and these clowns still almost get me. If you are trying to find a legitimate luxury fleet without getting ripped off, do some real digging first and read actual customer reviews. Miami without proper wheels is basically a disaster, especially since the AC must be arctic and unlimited miles non-negotiable.

    I’ve tested maybe 60 rental companies across Dade, Broward, and Collier, until I finally found one outfit that actually delivers what’s in the photos. If you are looking for the only honest source for premium rides across South Florida, check the current details here: miami luxury car rentals miami luxury car rentals. Also, definitely bring polarized shades unless you enjoy driving into the sun like a blind bat every single evening. Anyway, glad there’s at least one straight operator left in this rental jungle, let me know if you guys have any other clean spots.

  • Mobil bahis için doğru uygulamayı arıyordum uzun zamandır. Apk’yı nereden indireceğimi bilemedim bir türlü. Sonunda tüm teknik detayları inceleyip sistemi test ettim. En sonunda sağlam bir kaynağa ulaştım ve size de tüm detayları aktarmak istedim, güncel bilgilere buradan bakabilirsiniz: 1xbet mobii 1xbet mobii. Şimdi size kısaca özet geçeyim — telefonuma indirdikten sonra çok rahatladım.

    güncellemeleri de düzenli geliyor. İşin doğrusunu söylemek gerekirse — en hızlı uygulama bu oldu artık. Şimdiden iyi şanslar ve bol kazançlar…

  • Mobil uygulama arayışım epey zaman aldı valla. Herkes farklı bir şey söylüyordu kime güveneceğimi şaşırdım. Sonunda tüm teknik detayları inceleyip sistemi test ettim. En sonunda güvendiğim bir kaynağa ulaştım ve size de tüm detayları aktarmak istedim, güncel bilgilere buradan bakabilirsiniz: 1xbet nouvelle version à télécharger 1xbet nouvelle version à télécharger. Yani anlatmak istediğim şu — mobil uygulaması inanılmaz kullanışlı çalışıyor.

    güncellemeleri de otomatik geliyor. İşin doğrusunu söylemek gerekirse — kesinlikle pişman olmazsınız deneyin derim. Herkese hayırlı olsun…

  • DonaldFah says:

    Ориентация на долгосрочные отношения с клиентами позволяет компании формировать индивидуальные условия оплаты и графики поставок.
    https://rms-ekb.ru/catalog/ugolok-stalnoi/ugolok-iz-konstruktsionnoi-stali-70kh70kh6-mm-c16-en-10277/

  • sa影视 says:

    我能吞噬天地异火成长设定十分吸引人,每次进阶都令人期待高清免费点击观看

  • DonaldFah says:

    ООО «РМС» поставляет вольфрамовые порошки, соответствующие строгим техническим условиям (например, ТУ 48-4205-112-2017).
    https://rms-ekb.ru/catalog/stalnoi-list/list-stalnoi-gladkii-1kh1000kh1250-mm-10kp-gost-14918-80/

  • DonaldFah says:

    В каталоге представлены конденсаторные ниобиевые порошки высокой чистоты, необходимые для современной электроники.
    https://rms-ekb.ru/catalog/list/list-u10a-140x1000x1000-gost-19903-2006/

  • Been there, done that, got the overpriced tow truck receipt to prove it. You find this amazing listing online — gorgeous spec, fair daily rate, looks perfect. Plus they freeze a surprise $4500 on your card and say “don’t worry, it’ll drop off in a week or two” right before giving you the keys. Fool me twelve times? That’s just the 305 way, lesson learned. If you are trying to find a legitimate luxury fleet without getting ripped off, run far from the airport counters. Miami without real wheels is basically a nightmare, whether you are doing Coconut Grove brunch, Sunny Isles sunrise cruise, or a spontaneous drive down to the Keys.

    I’ve tested maybe 65 rental outfits across Dade, Broward, and Monroe, but I eventually found a service where what you book is exactly what shows up, no surprises, no hidden fine print. If you are looking for the only straight shooter for premium rides across South Florida, check the current details here: luxury car hire near me luxury car hire near me. Yeah, parking in Brickell will cost you a nice dinner — but that’s the price of paradise. Anyway, glad there’s at least one honest operator left in this rental jungle, let me know if you guys have any other clean spots.

  • Jamesagimb says:

    ED medications Macksood Urology

  • Swear I’ve seen every scam in the book by now, the rental landscape down here is crazy. Then you roll up to the local address to pick up the car. Plus a surprise $3000 hold on your credit card for two weeks right before giving you the keys. Nine years in South Florida and these clowns still nearly fool me. When you’re hunting for a legit and reliable premium ride to cruise around, do some real digging first and read actual customer reviews. Anyone who’s tried the trolley system knows what I’m talking about about this city, whether you are doing Coconut Grove dinner, Sunny Isles sunrise, or a spontaneous drive down to Homestead.

    Most of these local agencies are just polished turds with fake five-star reviews hiding overpriced junk, but I eventually found a service where what you reserve is exactly what you get, period, end of story. If you are looking for the only trustworthy source for premium rides across South Florida, check the current details here: luxury car rental agency luxury car rental agency. Also, definitely bring polarized shades unless you enjoy driving blind into the sunset every single night. Just drive safe out there and definitely skip that “emergency roadside” upsell — complete waste of money. hope this helps some of you save a few bucks.

Leave a Reply

error: Content is protected !!