Maritime fraud
An international trade transaction involves several parties - buyer, seller, ship-owner, charterer, ship's master or
crew, insurer, banker or agent. Maritime fraud occurs when one of these parties succeeds, unjustly and illegally, in
obtaining money or goods from another party to whom, on the face of it, he has undertaken specific trade,
transport and financial obligations.
Maritime fraud occurs when, in a maritime context, one party knowing it to be false, and with the intention of
obtaining an illegal benefit, makes a misrepresentation to another party who, believing it to be true, acts upon the
misrepresentation to his or her potential detriment, or to the potential detriment of an innocent third party or
parties.
The misrepresentation may take any form, it may be by word or deed, written or implied, by way of affirmation or
denial and may even be constituted by an omission in appropriate circumstances.
It is a maritime loss when:
Types of fraud
Bunkering Frauds
Cargo and document frauds
Chartering frauds
Port related frauds
Blackmail frauds
Cyber fraud
Fake job ads
Information phishing