Non Vessel Operating Common Carrier

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Non Vessel Operating Common Carrier

A company that ships goods on behalf of a client, especially internationally, but that does not own its own ships or airplanes. It operates much like any other carrier, issuing its own bills of lading or air waybills. The only difference is that an NVOCC does not own the means of transport. An NVOCC is also called a non vessel owning carrier.
References in periodicals archive ?
Shetty said the new structure would help the group to achieve its objective to be the global leader in the NVOCC market.
Established in 1979, CaroTrans International is one of the world's leading NVOCCs providing global LCL, less than container load, and FCL, full container load services.
Last month consolidators, or non-vessel-operating common carriers (NVOCCs) as they're usually known, won the right to sign confidential contracts with their shipper customers after five years of petitioning for that privilege.
The following discussion will focus primarily on the role played by the freight forwarder and NVOCC in arranging for ocean carriage.
"The move to expand into Thailand is in line with the company's strategy to strengthen our presence in Asia and to be known as a 'truly global' NVOCC carrier.
The groups object to provisions requiring ocean carriers to obtain and provide the names, in some cases, of their "customers' customers"--foreign vendors and suppliers that do business with ocean consolidators (known as NVOCCs) and are not directly involved in a commercial relationship with the carrier.