Ocean bound plastic refers to plastic usually collected from unregulated landfills, dumps or litter collected within 50 kms of the coast. The average person is more likely to conclude it must be plastic litter picked up from the oceans or beaches. It is not. And because it's mixed plastics and very likely contaminated with toxins, it can't be used for food grade products.
Our colleagues at Tangaroa Blue have lodged a complaint with the ACCC about this matter, and we welcome their action.