Within the freight and shipping industry, NVOCC and Freight Forwarder are two terms that are used quite often and often confused as well because sometimes people don’t understand the meaning and purposes of both on an individual level. In this blog, we will make you understand the definitions, meanings, purposes, and functions of both for better clarity and understanding. NVOCC Definition Non-Vessel Owning Common Carrier or NVOCC is a common term that you might have come across if you have any interest in the shipping industry or studying it. NVOCC is a cargo consolidator. NVOCC's operation comprises sales, stuffing, and transport of the containers to gateway ports. The bill of lading issue and overseas distribution is taken care of by the agents of NVOCC. An NVOCC signs contracts with shipping lines to guarantee the shipment of a certain number of units each year. In return, the shipping line offers favorable rates to the NVOCC. Thus, NVOCC ends to ...
