NVOCC (Non-Vessel Operating Common Carrier)
A carrier that issues bills of lading and accepts responsibility for shipments but does not own or operate the vessels that physically transport the goods.
Definition
Why It Matters
NVOCC vs Freight Forwarder
Related Terms
Freight Forwarder
An intermediary that arranges the shipment of goods on behalf of businesses, coordinating carriers, documentation, customs, and insurance across the supply chain.
Distribution & TransportBill of Lading (B/L)
A legal transport document issued by a sea carrier serving as a receipt for goods, evidence of the contract of carriage, and a document of title.
Distribution & TransportLCL (Less than Container Load)
A shipment smaller than a full container, consolidated with other shippers' cargo in a shared container to reduce shipping costs.
Distribution & TransportAir Cargo
Freight transported by aircraft, typically used for high-value, time-sensitive, or perishable goods where speed justifies higher transport costs.
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