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NVOCC function

Natural and Cultured Stones
From Malaysia
To Denmark
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Dec 14, 2021

What is the function of a NVOCC?

1 answer

Dec 14, 2021

A NVOCC is often termed as a “carrier to shippers” and “shipper to carriers”. What does this mean?

At the most basic level, a NVOCC enters into volume based ocean freight arrangements with the various shipping lines operating across the various trade lanes. A NVOCC then creates their own tariff based on which they sell space on these liner services to their various clients.

A NVOCC’s client list may include

  • BCO – Beneficial Cargo Owner which is another term for Exporter or Importer
  • Freight Forwarder
  • Clearing Agent
  • Freight Broker

Depending on certain jurisdictions and markets, NVOCC’s activities may include but not restricted to below:

  • concluding contracts of international carriage of goods with the shippers as carriers;
  • receiving cargo and delivering cargo as carriers;
  • issuing bills of lading (usually a House Bill of Lading) or other transport documents;
  • collecting freight and other service charges;
  • booking space and arranging shipping with mainline carriers;
  • paying port to port transportation freight or other transportation charges;
  • consolidation and deconsolidation of containers either using own CFS or 3rd party
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