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31/07/2001

Fraud from Within

Members may come under pressure to collude in a fraud, particularly by issuing bills of lading which contain incorrect information, often to comply with the terms of a Letter of Credit. We mean the deliberate misdating, or...

31/07/2001

Fraudulent release of electrical goods

Three containers of electrical goods worth US$380,000 were shipped from the Far East to South Africa, and from there by rail to another African country. The agent at the discharge port released all three containers to the same...

31/07/2001

Smuggling by Member's employee

An employee of 20 years standing used the customs bond of a Belgian ship agent to smuggle consignments of T-shirts of Chinese origin into the European Union. The T-shirts, which had arrived in Belgium from China, were incorrectly...

31/07/2001

Theft of freight

During a routine external audit, a South American ship agent discovered that part of the freights collected from shippers on behalf of a principal had not been deposited in the agent's bank account. Subsequent investigations...

31/07/2001

Loss Prevention

Fraud, and particularly documentary fraud, is becoming increasingly sophisticated and even with the best systems in the world may not be detected. However, most of ITIC's Members are agents (in one form or another) whose duty is...

31/07/2001

FIVE WAYS TO FEND OFF FRAUD

Staffgive staff proper training. give staff adequate remuneration. provide sufficient staff - overworked staff are less observant. check references for new staff. check that...

03/01/2000

Mailbox mix-up

A charterer invited tenders for a long term time charter. The Member, a ship broker, sent his principal’s bid via an industry message system to the charterers mailbox in the United States. The bid was, of course, commercially...

03/01/2000

System overload

It is important that Members ensure that their systems can cope with the pressures upon them. A liner company introduced a system for worldwide container control. The Member was one of their agents and a single terminal was...

03/01/2000

Look before you lunch

In order to meet a shipment deadline on a feeder service, cargo had to be booked by twelve noon. The agent, however, went out to lunch without checking his e-mail messages until his return at 2pm. The booking had been received in...

03/01/2000

Corrupted counters

A ship broker was negotiating the details of a fixture directly with two principals. The final clause on an offer ended in two separate paragraphs, each of two lines. When the broker forwarded the message the system ignored the...

Claims Review

Fraud from Within

Fraudulent release of electrical goods

Smuggling by Member's employee

Theft of freight

Loss Prevention

FIVE WAYS TO FEND OFF FRAUD

Mailbox mix-up

System overload

Look before you lunch

Corrupted counters

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