Tag: ICC

The ICC Incoterms® rules are an internationally recognised standard which have become an essential part of the daily language of trade.  Published by the International Chamber of Commerce, the Incoterms Rules allow buyers and sellers to transact business with the certainty that each understands all obligations concerning the tasks, costs and risks involved in the delivery of goods.

IMB reported that on 11 November, armed pirates boarded a drifting bulk carrier around 17 nautical miles SSW off Bonny Island, Nigeria, kidnapping 10 of the vessel's crewmembers. This incident is another example of the dangerous situation that is occurring in Nigeria.

Responding at the lack of clear guidance on how customs authorities should treat return-refill container systems, ICC has released a set of business recommendations on the issue calling on the World Customs Organisation to develop international guidelines on return-refill container systems in close cooperation with the private sector.

More crew were kidnapped at sea in 2016 than in any of the previous 10 years, despite global piracy reaching its lowest levels since 1998, the ICC International Maritime Bureau's (IMB) annual piracy report revealed.

Brand owners and representatives from the international shipping industry have joined forces in signing an historic declaration of intent aimed at preventing the maritime transport of counterfeit goods. The Declaration marks the first time the global shipping industry and brand owners have made a public commitment to work on this issue.

According to this year's ICC Global Survey, 61% of respondents reported a global shortage of trade finance and only 52% of respondents reported an increase in trade finance activity, compared to 63% in 2015 and 80% in 2012.

Piracy and armed robbery at sea has fallen to its lowest levels since 1995, despite a surge in kidnappings off West Africa, according to a new report from IMB

A small coastal tanker is hijacked by pirates in South East Asia every two weeks on average

Global ship hijackings, up to 21 in 2014 from 12 in 2013 Attacks against small tankers off South East Asia's coasts caused a rise in global ship hijackings, up to 21 in 2014 from 12 in 2013, despite piracy at sea falling to its lowest level in eight years, the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) has revealed. Pirates took 442 crewmembers hostage, compared with 304 in 2013.IMB's annual piracy report shows 245 incidents were recorded worldwide in 2014 - a 44% drop since Somali piracy peaked in 2011. Somali pirates were responsible for 11 attacks, all of which were thwarted. However, IMB warns shipmasters to follow the industry's Best Management Practices, as the threat of Somali piracy has not been eliminated.Armed and Piracy Against Ships for 2014 - Infogtraphic(You can on the image for a larger view)Worldwide, 21 vessels were hijacked last year, 183 were boarded, and 13 fired upon. Pirates killed four crewmembers, injured 13 and kidnapped nine from their vessels."The global increase in hijackings is due to a rise in attacks against coastal tankers in South East Asia," said Pottengal Mukundan, Director of IMB whose Piracy Reporting Centre has monitored world piracy since 1991. ...

The ICC International Maritime Bureau has flagged-up an unusual attempted fraud involving a container's weight and size