Non Vessel Operating Common Carriers (NVOCC)
An ocean carrier that does not own or operate their own vessels. They use less than full containerloads which they ship on actual ship lines. They issue their own bills of lading which are backed up by actual on board ocean bills of lading issued to them by the other carrier.
Nearby TermsNominee Nominee Name Non Vessel Operating Common Carriers (NVOCC) Nonaccredited investor Non-agency mortgage backed securities
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University