Non-Vessel Operating Common Carrier: a maritime transportation intermediary who acts as a shipowner, but who has no ship of his own (he rents space on ships belonging to real shipowners).
Non-Vessel Operating Common Carrier (also called NVO) consolidates small shipments from different shippers into full container loads and arranges all details from origin to foreign delivery.
a common carrier providing point-to-point international transportation of goods
a common carrier that does not operate the vessels by which ocean transportation is provided, and is a shipper in relation to the involved ocean common carrier
(non-vessel operating common carrier)--Cargo consolidator of small shipments in ocean trade, generally arranging for, or performing, containerization functions at the port.
Standing for Non Vessel Operating Common Carrier, this refers to a forwarder who offers consolidated services for LCL cargo from one point to another in sea-containers. Each shipment would have its own House Bill of Lading (HB/L). The container would be consigned to the NVOCC's agent at point of destination for unloading and handing over the LCL shipments to the various consignees against presentation of the appropriate HBL.
Non Vessel Operating Common Carriers. Nonaccredited investor Noncallable
Non Vessel Common Carrier A common carrier that does not operate the vessels by which the ocean transportation is provided, and is a shipper in its relationship with an ocean common carrier.
(See Non-Vessel-Operating Common Carrier)
A cargo consolidator in ocean trades who will buy space from a carrier and sub-sell it to smaller shippers. The NVOCC issues bills of lading, publishes tariffs, and otherwise conducts itself as an ocean common carrier, except that it will not provide the actual ocean or intermodal service.
Non-vessel operating common carrier. A firm that offers the same services as an ocean carrier, but which does not own or operate a vessel. NVOCCs usually act as consolidators, accepting small shipments (LCL) and consolidating them into full containerloads. They then act as a shipper, tendering the containers to ocean common carriers. They are required to file tariffs with the Federal Maritime commission and are subject to the same laws and statutes that apply to primary common carriers.
Non-Vessel Operating Common Carrier. Cargo consolidator of small shipments in ocean trade into containers at the port.