Hellenic shipping news
Leaders in global shipping news for over 10 years. Hellenic Shipping News Worldwide www. Hellenic Shipping News Worldwide offers news on shipping and maritime trade, as well as shipbuilding, ports, marine insurance, shipping law, hellenic shipping news, freights and commodities, energy-oil and of course stock markets and the global economy.
TT Talk canvassed some trading issues relating to bills of lading in the December edition. Reference within those articles was made to the English law position articulated in Motis Exports case1, explaining the risk exposure to bill of lading issuers and stakeholders relying on the documentation. This article applies to the industry vulnerability to fraudulent activity. Commercial banks commence thousands of investigations each year in relation to fraudulent bills of lading which are undertaken by the International Maritime Bureau IMB , a division of CCS. Through the investigation process, IMB conducts due diligence on all trade documents, including bills of lading, and seeks independent third-party verification to provide an extra level of confidence in transactions.
Hellenic shipping news
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Hellenic shipping news
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Aptoide is the fastest growing app store and distribution platform in the world. Through the investigation process, IMB conducts due diligence on all trade documents, including bills of lading, and seeks independent third-party verification to provide an extra level of confidence in transactions. Want To See More Stories? There are no reviews or ratings yet! Participating NVOCCs remain accountable where a document they have issued is found to be fraudulent, however it is anticipated that a wider knowledge of good practice will result in fewer cases of fraud being identified. What's new add english content. Where fraudulent activity is allowed to continue, there is a real danger that key stakeholders de-value the worth of the bill of lading. Contact Us! Details Reviews Versions Info. As a result of recent trends involving bill of lading fraud and a growing concern of their stakeholders, the IMB developed a new initiative, unveiled at Enterprise, Singapore on 15 January , during a panel discussion on the manipulation of bills of lading attended by over delegates from banks, logistics companies and lawyers.
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Maintaining the integrity of the bill of lading is of paramount importance to all stakeholders in global trade. About the Cookies we use We use cookies to personalize content, provide social media features and analyze our traffic. This initiative recognises and seeks to address this industry wide challenge, seeking to promote awareness and support compliance with acceptable trade practices. Combine news feeds with Barchart market data to build the best product possible. Barchart Digital. Last modified Thursday, 14 March The primary objective is to provide a common open platform from which to improve anti-fraud standards and to give due recognition to participating NVOCCs who adhere to the minimum standards established within the platform. Please submit the form below and someone will contact you shortly. Contact Us! View our Privacy Policy. Hellenic Shipping News - Version 1. This article applies to the industry vulnerability to fraudulent activity. Allow All. By submitting this form you are opting in to receive email communications from Barchart for related product, service or company information, updates and announcements. Apps in the same category.
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