What is Maritime Fraud? State the various factors that lead to commitment of maritime frauds.

 An international trade transaction involves several parties, viz., traders (buyers and sellers of goods), shipowners, charterers, agents, bankers, insurers, port authorities, and custom authorities. The maritime fraud occurs when one of these parties succeeds, unjustly and illegally, in obtaining money or goods om another party to whom he has undertaken

En specific trade, transportation or financial obligation. In some cases, several parties act is collusion to defraud another. In fact there are numerous combinations and permutations for fraud. But those which have taken place in recent years can essentially be put into

four categories: (a) fraud committed by a trader against another trader, shipowner, bank or insurer, (b) fraud committed by a charterer against a shipowner, (c) fraud committed by a shipowner or trader against insurers, and (d) fraud committed by a charterer or shipowner against _____ ______ _____ __________ ________ _____ ____ ___ _______ ________ _________ ________.
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