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.
I had highly recommend this blog to my good friend, it’s so good
Корзина на сайте промышленного предприятия — удобный инструмент для формирования заявки
https://redmetsplav.ru/store/kobalt/rossiyskie-splavy-3/kobalt-atd-6/poroshok-kobaltovyy-atd-6/
Nice blog. Could someone with little experience do it, and add updates without messing it up? Good information on here, very informative.
Здорова, народ Близкий человек уже несколько дней в запое Дети напуганы Таблетки не помогают Короче, только это реально спасло — вызвать нарколога на дом анонимно с препаратами Приехал через 40 минут В общем, жмите чтобы сохранить — нарколог на дом круглосуточно цены https://zapoj.narkolog-na-dom-moskva-xyz.ru Не ждите пока станет хуже Перешлите тем кто в такой же ситуации
Слушайте кто платит поставщикам Задолбался я уже с этими международными платежами А поставщики ждут оплату Короче, реально работающая схема — сервис международных платежей с поддержкой Все документы оформили В общем, сохраняйте себе — международный платежный сервис https://onlajn-z65.mezhdunarodnye-platezhi-vek.ru Не мучайтесь с банками Перешлите тому кто работает с зарубежными поставщиками
Your idea is outstanding; the issue is something that not enough persons are speaking intelligently about. I’m very happy that I stumbled throughout this in my seek for one thing regarding this.
Народ у кого дети Дневники эти вечные А знаний реальных ноль Короче, нашли отличный выход — онлайн школа для детей с 1 по 11 класс Ребёнок учится и не перегружается В общем, жмите чтобы не потерять — ломоносовская школа онлайн ломоносовская школа онлайн Переходите на нормальное обучение Перешлите другим родителям
fantastic internet site, I could definitely go to your web page once more…acquired some really nice info.
Aw, this was a very nice post. In idea I wish to put in writing like this moreover taking time and precise effort to make an excellent article! I procrastinate alot and by no means seem to get something done.
朋友们推荐精彩[倩女幽魂的深夜勾引](https://www.lsjys11.com/)，开启您的观影乐趣。