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.
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References in periodicals archive ?
ROAR Logistics is a domestic intermodal marketing company, transportation brokerage, non-vessel operating common carrier and US licensed customs broker, with eight offices and more than 120 Associates in North America and agent offices in over 125 countries around the globe.
According to Bellur, Milaha is committed to expanding its presence in India in sectors such as warehousing and consolidation, non-vessel operating common carrier (NVOCC), container and bulk shipping, and ship management.
ATS is a multi-modal organisation that has established itself as a leading NVOCC (Non-Vessel Operating Common Carrier) in the region.
"That being said, we continually evaluate new opportunities for us to expand our services through our feeder, liner, NVOCC (non-vessel operating common carrier) and logistics and freight forwarding businesses."
Christensen: The report suggests that logistics managers can mitigate the risks related to financial distress amongst the carriers by closely monitoring the health of their providers, contracting with groups of carriers representing diverse alliances (as opposed to over-consolidating their volume with just a few carriers or alliances), and keeping at least one non-vessel operating common carrier in their provider base.
Christensen: The report suggests that supply chain managers can mitigate the risks related to financial distress amongst the carriers by closely monitoring the health of their providers, contracting with groups of carriers representing diverse alliances (as opposed to over-consolidating their volume with just a few carriers or alliances), and keeping at least one non-vessel operating common carrier in their provider base.
To buttress its US-centred interests, ECU-Line has just acquired Econocaribe Consolidators, a non-vessel operating common carrier, through a $50 million deal.
Easy Fresh is an independent reefer logistics supplier, interacting with shipping lines as an NVOCC (non-vessel operating common carrier), with its own multimodal house bill of lading.
OSI is a non-vessel operating common carrier (NVOCC), fully bonded and licensed and accredited by the Federal Maritime Commission (FMC) and offers a large array of economical solutions to its customers in need of relocation services.
"This service connects traders, importers, and exporters throughout India, Southeast Asia, and the Far East with their counterparts in the Arabian Gulf, which helps facilitate trade between these vital regions of the world." In addition to its direct container shipping service between Qatar and India, Milaha's bulk shipping vessels carried 320,000 tonnes of construction material from India to Qatar in 2017, while its Non-Vessel Operating Common Carrier (NVOCC) unit continues to facilitate the transport of cargo between the two countries.

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