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

  • Danieltub says:

    Simultaneous English and Korean campaigns — rank on Google https://cgpa2percentag.com/all/823/17.html

  • I believe you have remarked on some very interesting points , thankyou for the post.

  • Узнайте на led драйвер и блок питания отличия, чем отличается блок питания от LED-драйвера и как правильно выбрать источник питания для светодиодной ленты.
    Подобное решение помогает избежать чрезмерного нагрева и преждевременной неисправности устройств.

    ### Раздел 2. Выбор оборудования

    Такой запас обеспечивает стабильную работу оборудования и защищает его от постоянной перегрузки.

    ### Раздел 3. Подключение и безопасность

    Плохой контакт способен вызвать мерцание, перегрев и поломку компонентов.

    ### Раздел 4. Практическая польза сайта

    Перед началом работ рекомендуется внимательно изучить характеристики каждого элемента.

  • Australia cheap cig
    Order Popular Cigarette Brands Online in Australia
    Aussie Smoke Hub is an online retailer of tobacco products established in 2024. We supply popular cigarette brands to adult smokers, with tracked delivery across Australia.
    Popular Cigarette Brands
    Marlboro
    Marlboro is one of the world’s best-known brands for its consistent quality and recognizable blends. Available varieties include Red, Gold and Menthol.
    Manchester
    Manchester offers different cigarette strengths and menthol options with a smooth draw and clean finish.
    Double Happiness
    Double Happiness is a traditional Asian brand known for its distinctive aroma and full-bodied tobacco flavour.
    Benson & Hedges
    Benson & Hedges offers refined tobacco blends with a balanced and smooth flavour.
    Dunhill
    Dunhill is a premium cigarette brand originating in London known for selected tobacco, refined taste and traditional craftsmanship.
    Australia-Wide Delivery
    Same-state delivery takes approximately 2–4 business days, or one to two business days with express shipping. Interstate delivery takes three to six business days, or one to three business days with express shipping. All parcels come with tracking. International shipping is not available.
    Payments and Ordering
    We accept payments through Wise, bank transfer, PayPal or USDT. There is no minimum order amount. Orders cannot be cancelled once payment is completed.
    Incorrect or damaged products may qualify for a refund or replacement within seven days. Photo evidence is required.
    Customer Support
    Support is available through WhatsApp for questions about products, payments, delivery or tracking. Aussie Smoke Hub supplies tobacco products only to customers who have reached the legal smoking age.

  • sa影视 says:

    饭后小憩想换种题材,可从SA视频精选短剧开始挑选,查看精选短剧

  • FrankKem says:

    подробнее https://tripscans77.co/%3E

  • Danieltub says:

    We analyze your site and competitors, then send a tailored backlink mostbet oyunlar

  • Some truly interesting info , well written and broadly user genial .

  • I loved your idea there, I tell you blogs are so exciting sometimes like looking into people’s private life’s and work. Every new remark wonderful in its own right.

Leave a Reply

error: Content is protected !!