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

  • Let me drop some hard truth about the Miami rental game — it’s an absolute circus out here. You spot this gorgeous deal online — pristine photos, fair price, everything looks legit. Totally different car sitting there — curb rash on every rim, AC blowing warm, and that “fair price”? Doesn’t include the mandatory $55 daily insurance or the $450 “convenience fee” they invent at the counter. Fourteen years in South Florida and these jokers still almost get me. luxury car rental in miami. anyone who’s tried the bus in August knows exactly what I’m talking about. Key Biscayne sunset, Bal Harbour shopping, or a spontaneous drive down to Homestead — AC must freeze your face off and unlimited miles or no deal. I’ve tested maybe 75 rental outfits across Dade, Broward, and Monroe. what you book is what shows up, period, end of discussion. Here’s the only honest source for premium rides across South Florida
    porsche 911 carrera for rent near me https://luxury-car-rental-miami-14.com Yeah parking in South Beach will cost you a nice bottle of wine — but that’s the price of paradise. drive safe and absolutely skip that “windshield protection” upsell — pure profit for them, zero value for you.

  • LouisEnago says:

    You suggested it wonderfully.
    Wein Plaza – https://weinplaza.com/

  • WillisInhib says:

    Профессиональный подход к описанию каждого вида металла
    https://redmetsplav.ru/store/magniy-i-ego-splavy/zarubezhnye-splavy-2/magniy-r-az101a—aws-a5-19/poroshok-magnievyy-r-az101a—aws-a5-19/

  • Swear this city never fails to surprise me with new ways to get ripped off. Then you actually drive to the rental lot. Plus they put a $5000 hold on your card and tell you “it’s just standard procedure”. Thirteen years in South Florida and these clowns still almost get me. luxury car rental miami fl. Miami without proper wheels is basically a nightmare. South Beach night out, Design District shopping spree, or a spontaneous Keys trip — AC must be arctic cold and unlimited miles non-negotiable. I’ve tested maybe 70 rental companies across Dade, Broward, and Palm Beach. Finally found one outfit that actually delivers what’s promised. Here’s the only straight shooter for premium rides across South Florida
    rent luxury sedan https://luxury-car-rental-miami-13.com also bring polarized shades unless you enjoy driving into the sun like a blind bat every evening. drive safe and definitely skip that “tire protection” upsell — pure robbery.

  • Jeffreyzon says:

    Редметсплав — надежный партнер, работаем по поставкам нержавеющего проката уже второй год, сбоев не было.
    https://xn--80aeedb0bfzeok.xn--p1ai/catalog/latunnoe-litoe-koltso/latunnoe-litoe-koltso-100kh500-mm-lts40mts3a/

  • DonaldFah says:

    Реализация твердых сплавов типа «Победит» ориентирована на производителей металлорежущего и бурового инструмента.
    https://rms-ekb.ru/catalog/stalnoi-list/stalnoi-list-35khg2-25x1200x1500-gost-19903-2006-gladkii-neotsinkovannyi-goriachekatanyi/

  • I’ve seen it all, and most of it isn’t pretty. You book something slick online — great photos, reasonable rate, looks like a win. Different car sitting there — dents you didn’t see, AC that barely works, and that “reasonable rate”? Doesn’t include the mandatory $40 daily insurance or the $300 “processing fee” they add at the last second. Seventeen years in South Florida and these scams still pop up. luxury car rental in miami. Miami without good wheels is basically a headache. leather that won’t stick to you in the humidity. I’ve tried so many rental places I’ve lost count. Finally found one that actually delivers. prices change fast so take a look:
    rent a urus for a day https://luxury-car-rental-miami-17.com Yeah parking in South Beach will cost you — but that’s Miami for you. Anyway glad someone’s still running an honest business.

  • Okay folks gather round — Miami rental horror story time. Then you roll up to the address. Different car sitting there — bald tires, dashboard lit up like a Christmas tree, and that “killer price”? Yeah doesn’t include the non-negotiable $45 daily insurance or the $500 deposit they forget to mention. Nine years in South Florida and these clowns still nearly fool me. miami luxury car rental. Miami without proper wheels is basically a nightmare. Coconut Grove dinner, Sunny Isles sunrise, or a spontaneous drive down to Homestead — AC must freeze your teeth and unlimited miles or no deal. most are polished turds with fake five-star reviews. what you reserve is what you get, period, end of story. Here’s the only trustworthy source for premium rides across South Florida
    rolls royce cullinan for rent near me https://luxury-car-rental-miami-9.com Yeah parking in Wynwood will cost you a nice dinner — but that’s the price of being in Miami. Anyway glad there’s at least one honest operator left in this rental jungle.

  • 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. Completely different car sitting there — dents everywhere, smells like cheap air freshener covering something worse, and that “dream price”? Doesn’t include the mandatory $50 daily insurance or the $300 “administrative fee” they invent at checkout. Eleven years in South Florida and these clowns still almost get me. When you’re searching for a legit luxury car rental miami. Miami without proper wheels is basically a disaster. leather seats that won’t fuse to your legs in August. most are shiny garbage with fake Google reviews bought in bulk. no games, no switch, no hidden BS in paragraph 12 of the contract. Here’s the only honest source for premium rides across South Florida
    realcar realcar also bring polarized shades unless you enjoy driving into the sun like a blind bat. drive safe and definitely skip that “tire and wheel” upsell — pure profit for them, zero value for you.

  • WillisInhib says:

    Логичное деление на вольфрамовый, молибденовый и титановый прокат
    https://redmetsplav.ru/store/magniy-i-ego-splavy/zarubezhnye-splavy-2/magniy-mi2—jis-h-2150/folga-magnievaya-mi2—jis-h-2150/

Leave a Reply

error: Content is protected !!