Non-vessel operating common carrier
- Non-vessel operating common carrier
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.
NVOCCs are those who own their own containers but don't own and operate vessels. These NVOCCs buy container space in vessels from vessel operators and inturn will sell sea freight service in terms of Full Container Load [FCL] /Less than Container Load [LCL] to their customers.
The largest NVOCC's are DHL Global Forwarding (part of Deutsche Post World Net) and Kühne + Nagel. IAL is the largest NVOCC across the Middle East, Indian Sub continent, South East Asia and the Far East. The current largest NVOCC in the Eastern Caribbean is VHF Cargo Airlines, Inc.
Smaller shippers, with less-than-containerload (LCL) shipments, can take advantage of the lower costs associated with being a big shipper. Non-vessel operating common carriers (NVOCCs) book space on steamships in large quantities at lower rates and sell space to shippers in smaller amounts. NVOCCs consolidate small shipments into containerloads that move under one bill of lading. More favorable rates are passed on to the shipper.
References
Wikimedia Foundation.
2010.
Look at other dictionaries:
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