Non Vessel Owning Common Carrier
Definition of Non Vessel Owning Common Carrier
A Non-Vessel Owning Common Carrier (NVOCC) acts as an intermediary between shippers and vessel operators. Unlike traditional carriers, NVOCCs do not own or operate their own ships.
Instead, they lease or purchase space on vessels operated by others, which they then sell to shippers. This setup allows NVOCCs to provide ocean freight services without needing to manage or maintain any vessels themselves.
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