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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. [8] Licensing requirements. OTIs must be licensed by the FMC before they perform OTI services in the United States. [9]
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]
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 ...
NVOCC Service arrangements 535 Ocean common carrier and marine terminal operator agreements subject to the Shipping Act of 1984: 540 Passenger vessel financial responsibility 545 Interpretations and statements of policy 550 Regulations to adjust or meet conditions unfavorable to shipping in the foreign trade of the United States 551
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.
This page was last edited on 30 July 2013, at 16:10 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
This is a list of the 30 largest container shipping companies as of March 2025, according to Alphaliner, ranked in order of the twenty-foot equivalent unit (TEU) capacity of their fleet. [1]
The Federal Maritime Board was abolished in 1961, when U.S. shipping laws were separated into two categories: regulatory and promotional. The regulatory role was assigned to the newly created Federal Maritime Commission, while the promotional role was assigned to MARAD.