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Glossary Term

Non-Vessel Operating Common Carrier (NVOCC)

Non-Vessel Operating Common Carrier (NVOCC) Definition:

This is an ocean shipper or freight forwarder who carries out all carrier services but does not own their vessels.

A Non-Vessel Operating Common Carrier (NVOCC) performs its operations or activities by buying or leasing container space under its House Bill of Lading. The carrier provides transport and logistical services without its vessels by arranging and consolidating shipping for smaller shipments from different customers. The consolidated cargo from multiple shippers forms a larger load that fills a container. The capacity to fill a container helps this carrier type achieve economies of scale and the ability to negotiate better freight rates with the shipping vessel.

Container on a trailer.

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ACEP (Approved Continuous Examination Program)  Aggregate Shipment API (Application Programming Interface) Backhaul BAF (Bunker Adjustment Factor) Beneficial Cargo Owner BIC (Bureau International des Containers) Bill of Lading BPD (Barrels Per Day) Cabotage Cabotage Containers Carrier Carrier Owned Container (COC) CBM Chassis Check Digit Clear Height Combo Chassis Compound Annual Growth Rate (CARG) Consignee Consignor Container Freight Station Container Imbalance Container Imbalance Charges Container Inspector Container Logistics Container Terminal Container Yard Cross Docking CSC Plate Damage Protection Plan (DPP) Damage Replacement Value (DRV) Electronic Data Interchange (EDI) Electronic Logging Device (ELD) Fifth Wheel Flat Rack Container Flatbed Garments on Hanger (GOH) Gateway HazMat High cube Container In Bond/A container Ingate Joint Rate Kingpin Known Loss Landed Cost Master Bill of Lading (MBL) MGM Non-Vessel Operating Common Carrier (NVOCC) O/H (Overheight) O/S (Open Sided Shipping Container) Payload