BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News



Warning: fraudulent attempts to divert funds

Shipping firms are warned about attempts to divert funds to fake bank accounts.





Updated on 13 Mar 2015 14:52 GMT

Having previously issued a warning about the fraudulent diversion of port expenses, the International Transport Intermediaries Club (ITIC) says it is now seeing evidence of similar frauds being perpetrated across the wider marine industry.

In a typical such fraud, the party due to make a payment will receive a bogus message altering the recipient's bank details. Examples have included the diversion of shipping agents' disbursement accounts. Ship managers are also among those who have been targeted.

The email addresses used by the fraudsters are only very slightly different to the genuine ones - perhaps a single letter being omitted. ITIC, noting that it is very difficult to spot these differences, says: "Any message changing account details should be regarded with suspicion, and steps taken to secure independent verification of instructions.

"By way of example, one shipbroker managed to frustrate an attempt to divert monthly hire payments by telephoning an owner's accounts department to verify whether or not a request to forward funds was genuine. It wasn't. The check should not involve replying to the suspect email, but rather using a different channel of communication or, at the very least, re-entering the email address copied from a message known to be genuine."






Related Links:

Fake bank account warning
Brokers urged to put it in writing
Shipping intermediaries warned of failure to incorporate terms and conditions
Fake agency bank account warning
The risk of innocent shipping intermediaries being sued
United Kingdom

Latest News:

IMO working group develops plan to help ships prepare for 2020
Oil and fuel oil hedging market update
ISO statement on ISO 8217:2017 and 0.5% sulphur fuels
PMG triples pumping rate to meet US Navy bunker demand in military exercise
Quadrise signs MoU with Freepoint Commodities
Uncertainty of supply keeps volatility high
Swedish Club examines lessons to learn from bunker pollution accident
Two inland vessels a month bunkering LNG at Fluxys' Antwerp dock
Oil and fuel oil hedging market update
Singapore's record H1 was lowest six-month sales period since May-November
Sharp drop in oil prices
Sulphur 2020: Papering over the cracks




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events