NVOCC(None Vessel Operating Common Carriers)
NVOCC means Non-Vessel Operating Common Carrier. NVOCC books large quantity of space with ship and sells space to shippers in smaller amounts. NVOCC consolidate small shipments of LCL (less container load) and issues HBL (House Bill of Lading).
NVOCC also undertake the services provided by a freight forwarder. A freight forwarder is not typically a carrier buy act as a ‘carrier ‘legally as per Multi Model Transport Document Act. He is an expert in Supply chain management.
A freight forwarder books large number of containers and sells to shippers with lesser rate. Each freight forwarder has their overseas counterpart to handle each shipment.
This helps the shipper and consignee for smooth handling of cargo compared to the service of direct shipping carriers.
A freight forwarder also under take inland movements, arrange insurance on behalf clients, undertake the activities of customs clearance etc. In short, a freight forwarder undertakes all business activities between a buyer and seller.