What is NVOCC? | Why is it essential in global trade?

11 day(s) ago
URL: https://slrshippingservices.blogspot.com/2021/10/what-is-nvocc-why-is-it-essential-in.html

Non-Vessel Operating Common Carrier (NVOCC) is a trending term in the Logistics industry. You might have heard about NVOCC before but are unaware of its functioning. NVOCCs are Cargo consolidators that lease out shipment vessels instead of owning them. They lease out the shipments space and put it on sub-lease again to different clients at their terms and rates. These include international freight forwarders in China, exporters, importers, Customs clearance agents, etc. they also offer the House Bill of Lading (HBL) but do not purchase any shipping vessel.


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