• Holds itself out to the general public to provide transportation by water of passengers or cargo between the United States and a foreign country for compensation
• Assumes responsibility for the transportation from the port or point of receipt to the port or point of destination
• Uses, for all or part of that transportation, a vessel operating between a port in the United States and a port in a foreign country

VOCC is a shipping company with its own fleet . It is a common term for shipping companies that own ships and lease them to others, such as COSCO, ONE, MAERSK and CMA-CGM . The ship operator is responsible for cargo supervision; as well as safely transporting goods to the right port at the right time. The operation of the vessel and all related aspects is also the responsibility of the ship operator.

Timing-Chain International is a qualified FMC licensed NVOCC company to operate the North American trade route

What is NVOCCs (Non-Vessel Operating Common Carrier)

NVOCC is in fact a shipping company, a cargo consolidator because it does not own any ships. NVOCC can also be considered a shipping line (Carrier) because these companies operate and take responsibility for the goods like a real shipping line by issuing their own House Bill of Lading. NVOCC operates by renting bulk cargo space from ship owners (VOCCs) and reselling it to needy people (like forwarders) to enjoy the difference. It is also because of this large volume of space acquisition that NVOCCs have quite competitive rates thanks to their negotiating power with ship owners. NVOCC companies must enter into agreements, warranties and provide related services based on the original shipowner's terms. The House Bill of Lading issued by the NVOCC is valid as a Certificate of Loading, confirming the collection of specific goods and obliging the carrier to deliver the goods at the port of destination to the holder of the bill of lading. NVOCCs can include: TIMING-CHAIN INTERNATIONAL

Freight Forwarder is an intermediary, providing 3rd party logistics services (Third-party logistics-3PL). They stand out to receive the goods of the owner, or collect many small consignments (consolidate) into larger ones, then hire a carrier (shipping company, airline, garage) to transport from the starting point to the destination. destination point.

 Freight forwarder vs. NVOCC

• NVOCC acts as carrier while Forwarder does not
• NVOCC issues bill of lading while Forwarder does not
• NVOCC is responsible for loss or damage while Forwarder is not
• NVOCC only provides sea freight services while Freight Forwarder has a broader service such as shipping by sea, road, rail, air.
• Forwarders cannot book directly with shipping lines for shipments to North America, but must go through NVOCC because of FMC Licensing.
• NVOCC owns or can rent containers but forwarders do not.
  

  In Vietnam, NVOCC is quite few and most of the companies operating in the forwarding field are Freight Forwarders. Forwarders can also issue to customers House Bill of Lading. Also because the Vietnam forwarder issues the House bill, so the forwarder is also responsible for the risks of the goods to the shipper. 

 So Timing-Chain International has brought you the most distinguishable approach to the concepts of VOCC, NVOCC and Freight Forwarder. Hope the article is useful to you!