Switch Bill of Lading, Instruments of Fraud & Risks Involved

In international trade goods are often bought and sold by traders and they often do not produce the goods.
The trader earns on the price differential between his supplier and buyer.
Often the trader will want to protect the identity of the supplier / shipper and may ask the carrier to switch bills of lading to another bill of lading which does not name the actual supplier.

A recent news article published in the Maritime Cyprus reveals the risks and instruments of fraud concerning switch bill...