What does NVOCC mean?

What does NVOCC mean?

non-vessel operating common carrier
NVOCC stands for “non-vessel operating common carrier.” An NVOCC is an ocean carrier, providing transportation services almost exactly like a steamship line. The main difference is that a steamship line owns vessels and shipping containers, while an NVOCC does not.

What does a NVOCC do?

What is a Non-Vessel Operating Common Carrier (NVOCC)? An ocean carrier who performs all of the services of a carrier, but who does not own their own vessel(s). They operate by leasing or buying available space in containers and using their own House Bill of Lading to contract with customers.

What is the difference between BL and HBL?

Bill of lading (BL) is a document, which is a proof of receipt of goods from shipper issued by sea carrier. If a freight forwarder, NVOCC or a consolidator involved in a shipment, such forwarder issues a document of receipt of goods to the final shipper which is called House bill of lading (HBL).

What is NVOCC and VOCC?

there are two classifications of carrier, VOCC (Vessel Operating Common Carrier) and NVOCC (Non-Vessel Operating Common Carrier). A VOCC typically owns ships (more commonly known as ‘ocean carriers’) whereas a NVOCC refers to freight forwarders that have partnerships with VOCCs.

What is MBL and HBL?

MBL is Master Bill of Lading issued by main carrier of goods on receipt of goods from a freight forwarder to deliver at destination as per agreed terms. HBL means House Bill of Lading issued by a freight forwarder on receipt of goods from shipper agreeing to deliver goods at destination.

What is a Weighbill?

Definition of waybill : a document prepared by the carrier of a shipment of goods that contains details of the shipment, route, and charges.

How many NVOCCs are there?

6000 registered NVOCCs operating in USA and a large number of them are active in Asia Pacific, Europe, Africa and Middle East regions.

What is a master BL?

A master bill of lading (MBL) is a document issued by a carrier, and it represents the contract of carriage for the goods. Once the carrier has confirmed that it has received the goods, it will issue the MBL to the party that booked the freight, usually the freight forwarder or the shipper.

What is House BL?

House Bill of Lading is a formal acknowledgment that the carrier has received the consignment for shipment post-inspection. It is an assurance that the consignment damage-free and is ready to be shipped to the consignee. Any damage incurred during the shipping becomes the liability of the carrier.

What is Warebill?

How do waybills work?

A waybill is a document that accompanies the shipment and identifies the shipper, the recipient, where the goods originated from and their destination. It also describes the content of the shipment in detail. A waybill is not a contract to ship goods, nor can it be used to transfer goods from one owner to another.

What is a switch BL?

A Switch Bill of Lading is a second set of Bill of Lading issued by the carrier or its carrier agent. It’s issued to replace the Original Bill of Lading issued at the time of shipment. Often, it is used to substitute the Shipper and Consignee details from the Original Bill of Lading.

What is a stale BL?

A stale bill is one which is tendered to the presenting bank so late a date that it is impossible for the bank to dispatch to the consignee’s place, in time, before the goods arrive at the destination port. In other words, bank finds it impossible to see the documents reach before the ship reaches the destination.

What is the use of waybills?

A Waybill is a document, commonly used in consolidated consignment transport. A Waybill lists the individual items but also informs the person receiving the document what type of charges he needs to collect from the recipients. Waybills are often forwarded using remote data transmission.

What is difference between surrender BL and original bl?

Surrender means collecting B/L by an original land which means collecting B/L at exporting side. Once it is surrendered, Original document of B/L is not required.. The importer can get D/O by getting a B/L copy instead of Original.

What is 1st leg BL?

1st BL – Shipper is A & Consignee is B or Shipper is A & Consignee is C. 2nd BL – Shipper is B & Consignee is C. What should be the shipper name in Certificate of origin & REX declaration (GSP) Thanks.