NVOCC stands for Non Vessel Owning Common Carrier, in terms of shipping industry. In its operations, there are processes related to sales, packing and transport of containers to various gateway ports. It is responsibility of the agent of NVOCC to complete the procedures concerning bills related to lading and international distribution. There is a contract signing between NVOCC and shipping lines in order to guarantee that a specific number of units will be shipped every year. In return, the shipping lines quotes less or discounted prices for Non Vessel Owning Common Carrier (NVOCC). In other terms, it ends up as the largest trade maker in the segment of container shipment.
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