Switch B/L Business Has an Element of Fraud Involved!!


Switch B/L Business Has an Element of Fraud Involved!! 20/09/201


WCA Warning

The WCA will not involve itself in Switch B/L business due to the element of fraud, regardless of how big or small that may be.

There are high risks to agents that involve themselves in this, especially at destination. If we receive any complaints, while we will not involve ourselves, we will make note on the members records. If we receive any further complaints we may have to consider the agents membership status.

We were advised by a reputable maritime law firm to stay away from Switch B/L, as they do contain this element of fraud, and as we have seen many issues on this, it is good advice. Please note that any cargo movement involving a Switch B/L is NOT covered under the Gold Medallion Financial Protection plan (see paragraph 3, subparagraph (f) and paragraph 4, subparagraph (k) due to the element of fraud. Also, a violation of the Code of Ethics (see paragraph 9).