NVOCC = Non-Vessel Operating Common Carrier is ALMOST the same as a Freight Forwarder in terms of his activities.. However there are some differences which separate these two entities..
- The NVOCC can and sometimes do own and operate their own or leased containers whereas a Freight Forwarder does not..
- In certain countries like USA, the NVOCC operators are required to file their tariffs with the government regulatory bodies and create a public tariff..
- NVOCC is in certain areas accorded the status of a virtual “carrier” and in certain cases accepts all liabilities of a carrier
- A Freight Forwarding company can act as an agent/partner for a NVOCC..
Apart from the above major differences, all other activities between these two entities are similar to each other.. NVOCC is basically a “carrier to shippers” and “shipper to carriers”.. You can read more about this in my previous post reg the back to back bill of lading (http://shippinginsouthafrica.wordpress.com/2009/11/23/what-is-a-back-to-back-shipment/)
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Very concise and comprehensive.
Dear freinds can yoiu pl tell me what is the diffrent between telex released Bl and surrender bl .
I have been working in shipping for almost 37 years of my life but still do not know shipping as its knowledge is like ocean. Lot of valuable data is hidden in this ocean of shipping.I am glad you have created this blog for people like us could share our knowledge with each other and keep this industry exciting all the time.
Hi Bigboy, please run a search on this blog for the info you are looking for and you will find it..
I want to know the difference between ship agency and freightforwarding and clearance
Nice info.. thanks for sharing .,..
very nice and helpfull information , please, keep it up ~
keep sharing your knowledge. good. thanks for information
Hi Bhubal, a lot of banks allow House Bill of Lading for negotiation.. It depends on the bank and the beneficiary if they will allow House bill to be used for negotiations.. Some beneficiaries specify in the L/C that HBL not allowed..
Can anyone tell me if L/C ask for Bill of Lading and exporter presents House bill of lading for negotiation is discrepancy?
I have a well establish clearing agency and keen on persuing the freight forwarding side of my business. Please advise which institute/s and governing body I need to contact to get started.
In order to start a freight forwarding business you must either have, or appoint an officer who has, 3 years of OTI (Ocean Transportation Intermediary) experience. International Car Shipping is much different than Domestic Auto Shipping. There are less regulations when vehicle shipping within the United States as opposed to international auto shipping.
i would like to start a freight forwarding business, is NVOCC a requirement for me to operate and how do I get this NVOCC.
Do COGSA and therefore the Haugue-Visby rules apply to a NVOCC bill of lading? Is a NVOCC bill of lading a bill of lading for the purposes of the Rules?
Anyone who will elaborate the difference between Slot chartering and NVOCC arrangements.
telex release is a case where the shipper is not given the original bill of lading but are scanned to local agent.
“…cases, an NVOCC operator might request for a telex release from the line so that they can issue their house bill of…”
Sounds like someone is shipping with Maersk. In its most simpliest explanation it is basic an electronic message releaseing the cargo (like an E-mail)
I’m doing some research and wanted to know what are the technology enablers to NVOCC businesses. Not just in terms of freight forwarding application suites but also in terms of hand held devices, RFID, etc. Is the industry in the developed countried truly technology-driven?