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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]
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]
International ocean freight forwarders arranging for shipments to and from the US must be licensed by the Federal Maritime Commission as ocean transportation intermediaries, who are ocean freight forwarders or non-vessel-operating common carriers (NVOCC). NVOCCs dispatch shipments from the United States via common carriers and books or ...
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The Standard Carrier Alpha Code, a two-to-four letter identification, is used by the transportation industry to identify freight carriers in computer systems and shipping documents such as Bill of Lading, Freight Bill, Packing List, and Purchase Order.
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Rank Company name Headquarters Total TEU Ships Market share Notes Alliance 1 Mediterranean Shipping Company (MSC) Switzerland 5,705,424 801 19.9% [Note 1]2M(until February 2025)