Search results
Results from the WOW.Com Content Network
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]
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.
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]
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]
FMCU - FMC Corporation (Industrial Chemical Group) FMGU - Flota Mercante Grancolombiana, SA; FMID - Florida Midland Railroad; FMIX - CCKX, Inc. FMLX - FMC Corporation (Inorganic Chemicals Division) FMOX - FMC Corporation (Inorganic Chemicals Division) FMRC - Farmrail Corporation; FNAX - Ferrellgas LLP
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.
A freight forwarder or forwarding agent is a person or a company who co-ordinates and organizes the movement of shipments on behalf of a shipper (party that arranges an item for shipment) by liaising with carriers (party that transports goods).