Search results
People also ask
What is the difference between NVOCC and VOCC?
What does VOCC mean?
What is a VOCC & how does it work?
What is a vessel operating common carrier (VOCC)?
Aug 11, 2022 · A VOCC or "Vessel-Operating Common Carrier" is a shipping company that owns and operates vessels and leases them to other entities. Also known as a shipping line, shipping company, or ocean carrier, a VOCC is responsible for managing the cargo and transporting it to the right destination at the scheduled time.
- Vocc
- Nvocc
- Freight Forwarder vs. Nvocc
To put it simply, VOCC is a public maritime carrier with its own fleet. It is a common term for shipping companies that own vessels and lease them to other entities. The ship operators are responsible for monitoring the cargo and safely transporting it to the right port at the right time. The ship operator is also responsible for the ship’s operati...
Called a virtual shipowner, it is a public maritime carrier without its own fleet. The lack of fleet means that NVOCC has to lease cargo space from shipowners (such as the United Arab Shipping Company or the largest in Asia, COSCO Shipping Corporation, based in Shanghai). Due to the lack of its own ships, a virtual shipowner has to conclude agreeme...
It is worth noting that there is a substantial difference between a freight forwarder and an NVOCC forwarder. It is the responsibility – NVOCC always issues a Bill of Lading, whereas a freight forwarder does not. Freight forwarders are not responsible for losses incurred during the transport of cargo. Instead, their duty is to receive bills of ladi...
Sep 20, 2022 · What is a VOCC? When you import internationally, transporting your goods from the factory to your destination often means transporting your freight via ocean. The companies that own these ships are known as ocean freight carriers. They are generally of two types: Vessel Operating Common Carrier (VOCC) Non-vessel Operating Common Carrier (NVOCC ...
An NVOCC is a non-vessel operating common carrier and a VOCC is a vessel operating common carrier. The difference between NVOCCs and VOCCs is that VOCCs are carriers (shipping lines) that own and operate vessels, whereas NVOCCs are carriers (freight forwarders) that don’t own or operate any vessels. However, there are also several other ...
Jan 12, 2024 · A Vessel-Operating Common Carrier (VOCC) or ocean common carrier: operates, for all or part of that transportation, a vessel operating on the high seas or the Great Lakes between a port in the United States and a port in a foreign country.
Apr 28, 2021 · VOCC (Vessel Operating Common Carrier) VOCC is the actual owner of container-carrying vessels. Since VOCCs have their own logistics park, they sell their services directly and usually don’t work with smaller and less regular shippers. VOCCs include well-known names such as Maersk, COSCO, APL, and Evergreen.
Non-vessel operating common carriers (NVOCCs) are freight forwarders that arrange passage and connections between shippers and carriers. While the carrier does not own or operate the vessel, it does use its own account to ship the goods. The carrier uses its own account to keep track of its shipping activity.
