Glossary

False Billing

Tags: Glossary

The act of falsifying billing documents to deceive customers or suppliers.

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Al Sharqi Shipping is a leader in the logistics industry with more than 30 years of experience in guiding and moving freight across the globe.

What is False Billing?

False billing is a fraudulent practice that can occur in the shipping industry. It involves a shipping company or freight forwarder issuing a bill of lading or other shipping documents that inaccurately reflect the goods that are being shipped, the value of the goods, or the terms of the shipment. This can be done to avoid paying taxes, to inflate the value of the goods for insurance purposes, or to conceal the true nature of the goods being shipped

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