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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]
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.
Federal Maritime Commission, a regulatory agency of the United States federal government; Federal Medical Center, part of the United States Bureau of Prisons; Federation of Cuban Women (Spanish: Federación de Mujeres Cubanas), part of the Communist Party of Cuba; Forward Markets Commission, part of the Indian Ministry of Finance
In a single transaction, the forwarder may be acting as a carrier (principal) or as an agent for his customer or both. Together with tracking, freight forwarding agents often have real time information on the freight. [9] Some forwarders may specialize in niche areas such as rail-freight, and collection and deliveries around a port.
The California Department of Motor Vehicles (DMV) is the state agency that registers motor vehicles and boats and issues driver licenses in the U.S. state of California. It regulates new car dealers (through the New Motor Vehicle Board), commercial cargo carriers, private driving schools, and private traffic schools.
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In the mid-1960s, C.H. Robinson Co. and C.H. Robinson, Inc., consolidated their operations under the name C.H. Robinson Co. Nash Finch still held a 25% stake in the brokerage company, with C.H. Robinson employees owning the remainder. [citation needed] By 1976, the Nash Finch shares had been bought out and the company was 100% employee owned. C ...