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_kmen says:

    мостбет тағйири парол http://mostbet06093.online/

  • The platform features a simple design that helps users in Egypt navigate with ease.

    More than 300 live casino tables with real dealers are available around the clock.

    888starz offers betting on over fifty sports including football, tennis, basketball and esports.

    888starz highlights the latest bonuses and promotions available to players in Egypt.

    A 24/7 support team is available in English and the local language through live chat and email.

    888starz 888starz

  • The 888starz app has gained wide popularity among mobile users in Egypt.

    Installing the apk finishes in a short time, making the app ready instantly.

    The Android version of the 888starz app stands out for its speed and comfortable design.

    It is always recommended to download the apk from the official source to avoid modified or unsafe versions.

    iPhone users can install the 888starz app via the App Store on iOS.

    888starz 888starz

  • 888starz operates under an official license guaranteeing security and fair play for all users.

    More than 300 live casino tables with real dealers are available around the clock.

    888starz offers betting on over fifty sports including football, tennis, basketball and esports.

    888starz offers new players in Egypt a welcome offer reaching 1500 euros and 150 free spins.

    888starz offers various deposit options from cards to digital wallets and more than 30 cryptocurrencies.

    888starz 888starz

  • true_sfkl says:

    The site combines a huge game library with a clean, modern interface.

    The lobby showcases jackpot slots and the latest releases right at the top.

    New players in the United Kingdom can claim a generous welcome bonus with free spins on their first deposit.

    The casino aims to process cashouts fast, especially for verified accounts.

    Fair play is guaranteed by independently tested RNG games with published RTP rates.

    True Fortune works seamlessly on smartphones and tablets straight from the browser.

    true fortune no deposit bonus codes true fortune no deposit bonus codes

  • true_nuOa says:

    Designed with players in the United Kingdom in mind, the site keeps registration and play simple.

    The game library includes thousands of titles, from classic fruit machines to modern video slots.

    Regular promotions include reload bonuses, cashback and free spin drops throughout the week.

    true fortune casino promo codes for existing players true fortune casino promo codes for existing players

    Verified players enjoy speedy payouts through their preferred method.

    True Fortune operates under an official licence and uses SSL encryption to protect player data.

    True Fortune works seamlessly on smartphones and tablets straight from the browser.

  • true_rqkt says:

    The casino welcomes players from the United Kingdom with a localised experience and responsive support.

    True Fortune regularly adds new titles and jackpot games to the lobby.

    A loyalty programme rewards active players with points that convert into real bonuses.

    Minimum deposits are low, making it easy to get started.

    The casino is licensed and applies strong security to keep accounts and funds safe.

    Transparent terms and a helpful FAQ section cover deposits, bonuses and withdrawals.

    truefortune casino promo code truefortune casino promo code

  • true_obet says:

    The official True Fortune casino has built a strong reputation with players across the United Kingdom.
    Fans of live gaming can join real-dealer tables running 24 hours a day.
    New players in the United Kingdom can claim a generous welcome bonus with free spins on their first deposit.
    true fortune casino true fortune casino
    Withdrawals are handled quickly, with e-wallet payouts often completed the same day.
    True Fortune promotes responsible gaming with limits, time-outs and support links.
    True Fortune works seamlessly on smartphones and tablets straight from the browser.

  • true_flSi says:

    True Fortune gathers slots, table games and live dealers in one convenient place.

    Progressive jackpots and top-rated new releases are highlighted in the casino lobby.

    Regular promotions include reload bonuses, cashback and free spin drops throughout the week.

    Deposits and withdrawals can be made with cards, e-wallets and bank transfer.

    Independent audits confirm the games are fair and payouts are genuine.

    A 24/7 support team helps players in the United Kingdom through live chat and email.

    true fortune home true fortune home

Leave a Reply

error: Content is protected !!