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The FMC regulations define "NVOCC" as a common carrier that does not operate the vessels by which the ocean transportation is provided, and is a shipper in its relationship with an ocean common carrier. [9] Licensing requirements. OTIs must be licensed by the FMC before they perform OTI services in the United States. [10]
An ocean transportation intermediary (OTI) is a company that is licensed by the Federal Maritime Commission (FMC) to operate in the United States as an ocean freight forwarder, non-vessel operating common carrier , or both. [1]
Licensing, financial responsibility requirements, and general duties for ocean transportation intermediaries 520 Carrier automated tariffs: 525 Marine terminal operator schedules 530 Service contracts 531 NVOCC Service arrangements 535 Ocean common carrier and marine terminal operator agreements subject to the Shipping Act of 1984: 540
The entities are registered with the government with the licenses renewed every three years. [ 18 ] Transport Canada is the federal department responsible for implementing and enforcing transportation policies and programs with the Canada Border Services Agency responsible for enforcing most regulations that affect international freight forwarders.
A man who was running away from police has been arrested after getting stuck in a chimney while trying to hide from them, authorities said. The incident occurred on Tuesday evening in Fall River ...
A key difference between an NVOCC (frequently referred to as just an NVO) and a Freight Forwarder is their license. You have to have an FF license and/or an NVOCC license. Many companies have both. If a company says they are an NVO they will have an OTI # & Bond. An NVOCC is considered a carrier, they will issue their own shipping documents.
FORT PIERCE, Fla. — An "iron curtain" has descended here. Residents near a Cold War-era nuclear bomb shelter are wondering what the property's new owners are doing on the other side of the chain ...
Tushar Kumudrai Jani or Tushar Jani [2] is a business entrepreneur, investor, philanthropist and the founder of Blue Dart Express Limited and Blue Dart Aviation, Swift Freight [3] and Express Industry Council of India (a courier and express cargo business association of all Indian companies). [4]