NVOCC
NVOCC
A Non-Vessel Operating Common Carrier (NVOCC) is an individual or company that performs all the functions of an ocean carrier without actually owning the vehicles. While they do not operate any ships, NVOCCs provides provide goods, products or equipment delivery services to customers.
Essentially, a NVOCC has volume based ocean freight arrangements with shipping companies around the world. These shipping companies own and operate various cargo ships, allowing them to physically transport goods across shipping lines. Since a NVOCC is not involved in the operation of the ships, it instead concerns itself with the following functions:
- Booking cargo
- Organizing cargo activities
- Negotiating freight rates with its partner shipping companies
- Consulting on transport and logistics plans
- Preparing relevant shipping documents
- Organizing shipments, thus ensuring that container shipping quotas are met
- Booking port berths
- Issuing bills of landing
- Paying port to port transportation fees
- Collecting freight and handing services fees