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 Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Kenya Charges 9 Foreigners over Heroin Haul

Nine foreign nationals were charged in a Kenyan court on Thursday with trafficking the biggest ever single seizure of drugs at the Indian Ocean port of Mombasa.

Former MSC Manager Sentenced on Bribes Charges

Former Afloat Programs Manager at the United States Navy Military Sealift Command (MSC), Kenny E. Toy, was sentenced to 96 months in prison for receiving bribes, the U.

FERC Approves Freeport LNG Export Project

U.S. federal regulators on Wednesday approved construction of Freeport LNG Development LP's liquefied natural gas export project in Texas. Freeport is the third U.

Logistics

Kurdistan Says Crude Cargo Near Texas Legally Sold

A $100 million cargo of crude oil in a tanker near Texas was legally shipped and sold by Kurdistan, lawyers for the autonomous region in Iraq told a U.S. court in a letter seen on Thursday,

Redwood City Sees Cargo Movement Boost

Port of Redwood City reports 19% increase in cargo movement; highest since 2006 and third highest in modern history Reflecting a significant increase in construction

UK Oil Imports Exceed Exports for First Time in 30 Years

Britain imported more oil products than it exported last year for the first time in 30 years, an official report shows, and analysts say the country is likely to

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1042 sec (10 req/sec)