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A UK ship agent inadvertently delivered a container of brand name batteries without taking the original bill of lading in exchange. After two weeks of constant pressure from the ship agent to provide…

A Scandinavian ship agent was requested by a ship owner to issue bills of lading for a cargo of new steel coils of Turkish origin which were loaded in Turkey in November 1987. The cargo was in fact…

A ship broker received a telephone call from his usual contact at a Far Eastern bank, expressing surprise at the high level of values the ship broker had placed on two ships. The broker asked for a…

A sale and purchase broker had acted for the Scandinavian sellers of a small cruise ship. An Australian company had signed a Memorandum of Agreement but had failed to pay the deposit or take any…

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…

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…

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…

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.…

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…

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