A cargo consolidator in ocean trades who will buy space from a carrier and subsell it to smaller shippers. The NVOCC issues bills of lading, publishes tariffs and otherwise conducts itself as an ocean common carrier, except that it will not provide the actual ocean or intermodal service.
A company who buys space from shipping lines and sells it to smaller shippers. The NVOCC issues bills of lading. Abbreviation: NVOCC.
In the United States, a term for an FMC-Iicensed cargo consolidator of shipments in ocean trade, generally arranging for or performing consolidation and containerization functions. In trade lanes that do not include the U.S.A., NVOCC's operate under different rules and governmental licensing may not be a requirement.
A carrier who issues bills of lading for carriage of goods on vessels that are not owned or operated by them. Return to Glossary of Terms
NVOCC. Transportation company that operates by obtaining wholesale space from other carriers and reselling it. Does not operate its own vehicles.
A cargo consolidator of small shipments in ocean trade, generally soliciting business and arranging for or performing containerization functions at the port.
Non-vessel operating common carriers (NVOCC) are one type of sea freight forwarders. Instead of using their own ships, they operate as transportation or logistics intermediaries. That is, they book space on ships and sell it in smaller quantities, consolidating freight for transport in standard containers.