Bills of Lading Internet Fraud Warning

Press Release
Wednesday, November 28, 2012

The ICC International Maritime Bureau (IMB) warns against fraudulent cargo tracking websites.

Such sites have been created and improved over the years to add legitimacy for fraudsters to entrap their would-be victims. This is particularly true for containerised shipments, where convincing tracking websites highlight the degree of sophistication employed.

A recent example, investigated by the Bureau, illustrates how such online confirmations – whilst appearing convincing – cannot be always taken on face value and relied upon. These also further underline the need for independent verification of credit complying documents, particularly the bill of lading.

The first example covers what appears to be a valuable containerised shipment of copper cathodes from South America to the Far East. The Bs/L presented appeared on their face to be in order. The carrier’s website further attested that the cargoes had been loaded as per the two Bs/L referred.

IMB’s investigations on the other hand contradicted what the website stated. The physical carrier had quickly confirmed to the Bureau that the vessel was trading elsewhere. Whilst the vessel had bunkered at the discharge port, no cargo operations had been performed in respect of this transaction. A number of mistakes on the fake carrier website were also present with regards to the vessel and further highlights the potential problem with reliance on such resources for cargo confirmation.

The IMB advises a degree of caution be exercised by banks and others when seeking online confirmation for certain carrier websites. Unless the carrier is well known, and the origins of the website verified, total reliance on website confirmations should be avoided.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Globus Maritime Reclassifies Board Member

Globus Maritime Limited, a dry bulk shipping company, announced today that when Georgios Karageorgiou, a Class I director of Globus Maritime Limited  resigned on December 28,

Antietam, McCampbell Build Relationships at IFR 2016

Ticonderoga-class guided-missile cruiser USS Antietam (CG 54) and Arleigh Burke-class guided-missile destroyer USS McCampbell (DDG 85) arrived Feb. 4 in India

COSCO Plans European Transhipment Hub

China's COSCO is forging ahead with a plan to build a European transhipment hub, reports Reuters. The state owned shipping giant is expected to make an offer for

Logistics

COSCO Plans European Transhipment Hub

China's COSCO is forging ahead with a plan to build a European transhipment hub, reports Reuters. The state owned shipping giant is expected to make an offer for

MOL Enhances CSW Service between Asia and East Coast South America

Mitsui O.S.K. Lines (MOL, President & CEO: Junichiro Ikeda) today announced the enhancement of its Asia and East Coast South America trade by merging existing

MISC Bhd: Revenue Up

Malaysia International Shipping Corporation Berhad (MISC Berhad), a shipping arm of Petronas, has seen an increase of 12.3 percent in its net profit for the 2015

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0739 sec (14 req/sec)