International Maritime Bureau (IMB) summarise notable cases and developments involving fraud, law enforcement and defaults in their latest monthly bulletin, which members can access through the SCOL website (The Swedish Club OnLine member area). 

Amongst other things, IMB report that the trade finance chain, including the use of bills of lading, remains vulnerable to fraud and members are advised to be on alert against attempts by scrupulous parties to distort the true role of the bill of lading.

IMB also note that the number of pirate attacks continue to decline although there remain pockets of violent pirate activity worldwide, for instance in the Sulu/Celebes Sea south of the Philippines and in the Gulf of Guinea.

Read the latest bulletin in SCOL»

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Member Alert is published by The Swedish Club as a service to members. While the information is believed correct, the Club cannot assume responsibility for completeness or accuracy.