What does NVOCC mean? What is the full form of NVOCC?

The Full Form of NVOCC is‍ on Non-vessel Owning Common Carrier.

A non-vessel owning common carrier (NVOCC) is an American individual or company that arranges shipments but does not own or operate any freight vessels. The term is used interchangeably with freight forwarder in the United States.

A Non-Vessel Operating Common Carrier (NVOCC) is an ocean carrier that transports goods under its own House Bill of Lading, or equivalent documentation, without operating ocean transportation vessels. Rather, an NVOCC leases space from another ocean carrier, or Vessel Operating Common Carrier (VOCC), that they sell to their own customers. An NVOCC can be described as a shipper to carriers and a carrier to shippers.

While NVOCCs do not usually own their own warehouses, many own their own fleet of containers. In certain circumstances, a NVOCC may also operate as a freight forwarder.

Vessel-Operating Common Carriers (VOCCs) or ocean common carrier:

  • Holds itself out to the general public to provide transportation by water of passengers or cargo between the United States and a foreign country for compensation
  • Assumes responsibility for the transportation from the port or point of receipt to the port or point of destination
  • Uses, for all or part of that transportation, a vessel operating between a port in the United States and a port in a foreign country

NVOCC

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on Non-vessel Owning Common Carrierhow to pronounce on Non-<em>vessel </em>Owning Common Carrier

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What does NVOCC mean? What is the full form of NVOCC?
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