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

  • Magnificent beat ! Can I be your apprentice? Just kidding!

  • Wow, amazing blog layout! How long have you been blogging for? you made blogging look easy. The overall look of your site is great, as well as the content!

  • Our family had similar issues, thanks.

  • Awesome post. It’s so good to see someone taking the time to share this information

  • Certainly. And I have faced it. Let’s discuss this question. Here or in PM.

  • YELLOW BAT says:

    While reading different discussions from online communities, I noticed that players often share stories about their favorite experiences rather than just features, and poker game was one topic that naturally appeared during those friendly conversations.

  • Obstawiam tu od dobrych paru miesiecy, wiec chyba moge cos skrobnac. Trafilem tam z polecenia kolegi, z prostego powodu — wkurzalo mnie weryfikacji ciagnacej sie w nieskonczonosc gdzie indziej. Lobby w FieryPlay robi wrazenie objetoscia — w okolicach 2500 gier, przede wszystkim Pragmatic Play, Play’n GO, NetEnt plus troche Yggdrasil i paroma rzeczami od Big Time Gaming.

    Sam siedze najczesciej na Gates of Olympus i Sweet Bonanza, banal, wiem. Plus za to ze demo dziala bez logowania, przetestowalem pare nowosci zanim zaczalem grac na realne. Filtrowanie natomiast mogloby byc lepsze — szukanie po nazwie dziala, reszta srednio.

    Dzial z krupierami oparte na Evolution i to widac. Klasyka: ruletka, blackjack, plus te ich show typu Crazy Time — siedze tam czasem godzine zamiast dziesieciu minut. Krupierzy realni, w wiekszosci anglojezyczni, polskiego stolu nie znalazlem — komus moze to przeszkadzac.

    Oferta na dzien dobry u nich w FieryPlay to byl u mnie 100% do 2000 zl plus 100 FS, rozbite na kilka dni. Wager x35 — ani rewelacja, ani dramat. Widzialem takze 20 spinow bez wplaty za weryfikacje, ale to raczej okazjonalnie. Warunki przejrzyj zanim klikniesz — kody potrafia sie zmieniac z miesiaca na miesiac, aktualne rzeczy widac na fieryplay jesli chcesz sprawdzic przed rejestracja.

    Zakladanie konta to jakies minute, moze dwie, min. depozyt to 20 zl. Wrzucam kase Mastercardem, obok tego dzialaja Skrill, Neteller i platnosci w BTC. Wyplaty na Skrilla przyszly mi tego samego dnia, karta to juz dwa-trzy dni. KYC na start — dowod plus rachunek, nic strasznego.

    Z komorki smiga w przegladarce, dedykowanej apki brak, ale strona sie skaluje. Czat z supportem FieryPlay odpisuje po polsku dosc szybko, do dziesieciu minut, choc raz trafilem na kogos kto kopiowal gotowce z FAQ. Curacao, tak jak wiekszosc tego typu miejsc — nie MGA, wiec swiadomosc ryzyka po twojej stronie. Limity depozytu da sie ustawic w ustawieniach konta.

  • ShanePhona says:

    One of the strongest things about this post is how well-rounded the overall presentation feels, because it manages to stay interesting and informative while also remaining respectful toward different interpretations of the subject.
    شراء تادالافيل عبر الإنترنتanal sex porn لممارسة الجنس الشرجي

  • Michaelvat says:

    This guide explains it well: MedGuideUSA if you need exact steps.

  • xoilactv says:

    Spot on with this write-up, I truly believe this website requirements a lot much more consideration. I’ll probably be once more to read much much more, thanks for that info.

Leave a Reply

error: Content is protected !!