ITIC issues warning on forged documents

Published Oct 30, 2013
International Transport Intermediaries Club (ITIC)-2

ITIC has warned shipping intermediaries to be on the look-out for cleverly forged documents which could result in them being held liable for substantial claims by cargo interests.

In the latest issue of its Claims Review, ITIC refers to the case of a Belgian ship agent which released six containers of castor oil valued at $270,000 against a fraudulent bill of lading. The containers were to be shipped from India to Belgium, and although the bill of lading against which the ship agent released the cargo to the consignee appeared at first glance to be genuine, it was in fact a clever forgery.

The shipper claimed that it had not been paid for the cargo, for which it still held the original bills of lading. It duly arrested one of the carrier’s vessels in India and obtained a bank guarantee from the carrier as security for its claim. In turn, the carrier looked to the ship agent for indemnity.

Examination of the bills of lading that had been presented established that the agent should have spotted the forgery. The forged bills included clearly incorrect details, such as the name of the load port, and also spelling errors, including the name of the carrier. The agent had therefore been negligent in releasing the cargo against the documents.

Tags: International Transport Intermediaries Club (ITIC)


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