Skip to main content
NVOCC Articles

MarineLink

By March 14, 2019October 1st, 202639,479 Comments

IMB to Tackle Bills of Lading Fraud

The International Maritime Bureau (IMB) announced that it has launched a new initiative aiming to mitigate bills of lading (B/L) fraud conducted by non-vessel owning common carriers (NVOCCs).

Read News

News key points: 

1

NVOCC Register - A solution provider

The IMB NVOCC Register provides a business solution to a business problem impacting parties involved in international shipping and trade.
2

B/Ls Key Documents

B/Ls are crucial documents relied upon by many stakeholders in the trading chain including banks, shipping companies, carriers and charterers.
3

IMB checks B/L for its members

While the vast majority of NVOCCs issue B/Ls correctly, there is a small minority that do not.
4

95% false B/Ls

IMB’s says that up to 95 percent of the false B/Ls identified by the Bureau are issued by NVOCCs.
5

An IMB spokesman said

“Incidents of ship owners/carriers or their agents issuing false B/Ls are uncommon because they take a big risk in doing so and open themselves to legal action.
6

However

unlike the carriers or their agents, the majority of NVOCCs do not have any assets which are at risk in these transactions except for their reputations.
7

Fraudulent Practices in B/Ls

This could lead to fraudulent practices, and banks that unwittingly process false B/Ls could discover that either there are no cargoes underlying the documents or that the shipments may be misrepresented.
8

IMB spokesman added

“The NVOCC Register therefore recognises participating NVOCCs who adhere to a minimum standard of anti-fraud measures in their operations,”
9

Inviting NVOCCs

IMB is inviting NVOCCs to sign up to its NVOCC Register. In doing so they will also have to sign up to a Code of Conduct for the issuance of B/Ls. Failure to comply with the Code of Conduct may result in removal of the NVOCC from the Register in certain circumstances.
10

The intention behind NVOCC Register

The intention is not to exclude defaulting NVOCCs but to help them improve the steps taken to issue bills of lading which is relied upon by a number of other stakeholders.
11

Advantage to Signup for NVOCC Register

IMB says an advantage of signing up to the Register is that banks may process the documents of NVOCCs on the Register faster than those that are not.

Related Posts

NVOCC Articles FIATA

FIATA

adminJuly 23, 2019
NVOCC Articles Corporate Fair Trade Community

Corporate Fair Trade Community

adminMarch 14, 2019
NVOCC Articles International Trade Council

International Trade Council

adminMarch 14, 2019

39,479 Comments

« Older Comments
Newer Comments »
  • Mejdynarodnie plateji_urPn says:
    August 6, 2026 at 3:40 pm

    Привет, народ То комиссии бешеные Никто не знает как нормально перевести деньги за рубеж Короче, нашел нормальный сервис — платежи по всему миру с гарантией Все документы оформили В общем, вся инфа вот здесь — международные переводы для юр лиц https://onlajn-z65.mezhdunarodnye-platezhi-vek.ru Не мучайтесь с банками Перешлите тому кто работает с зарубежными поставщиками

  • Shkola onlain_deOr says:
    August 6, 2026 at 4:20 pm

    Народ у кого дети Дневники эти вечные А знаний реальных ноль Короче, нашли отличный выход — средняя школа онлайн обучение без нервов Ребёнок учится и не перегружается В общем, там программа и условия — онлайн обучение 8 класс https://sovremennaya.shkola-onlajn-xal.ru Не мучайте себя и детей Перешлите другим родителям

  • best online casino says:
    August 6, 2026 at 4:29 pm

    Write more stories, more chapters.

  • online casino australia says:
    August 6, 2026 at 4:39 pm

    Hi there! I just wanted to ask if you ever have any trouble with hackers? My last blog (wordpress) was hacked and I ended up losing several weeks of hard work due to no back up. Do you have any solutions to protect against hackers?

  • Erickjok says:
    August 6, 2026 at 4:52 pm

    online pharmacy

  • najlepsze kasyna online says:
    August 6, 2026 at 5:07 pm

    I feel that is among the so much significant info for me. And i am satisfied studying your article. However should commentary on some basic issues, The site style is ideal, the articles is in reality excellent : D. Excellent activity, cheers

  • best online casino new zealand says:
    August 6, 2026 at 5:41 pm

    Amazing article, cheers, I will bookmark you now.

  • kasyno online opinie says:
    August 6, 2026 at 5:44 pm

    Is it okay to put a portion of this on my weblog if perhaps I post a reference point to this web page?

  • kasyno online says:
    August 6, 2026 at 5:45 pm

    Hey! awesome blog! I happen to be a daily visitor to your site (somewhat more like addict 😛 ) of this website. Just wanted to say I appreciate your blogs and am looking forward for more!

  • Narkolog na dom_ahsl says:
    August 6, 2026 at 5:51 pm

    Слушайте кто знает Отец не выходит из штопора Жена в истерике Таблетки не помогают Короче, только это реально спасло — вызов нарколога на дом Москва недорого Через пару часов человек пришёл в себя В общем, жмите чтобы сохранить — нарколог на дом недорого москва https://kapelnicza.narkolog-na-dom-moskva-kjl.ru Звоните прямо сейчас Перешлите тем кто в такой же ситуации

Leave a Reply

error: Content is protected !!