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Freightmar, a registered Non-Vessel Operating Common Carrier (NVOCC)
As a recognized NVOCC (Non-Vessel Operating Common Carrier), we do not depend on one transportation source, allowing us to choose the most favorable and competitive option for our clients.
Many freight forwarders, however, skirt this prohibition by forming separate subsidiary corporations for their NVOCC operations.
Shippers are concerned that many NVOCC bills of lading are issued by unscrupulous or insolvent operators.
AM Logistics are specialists in paper handling, distribution to the ambient foodstuffs industry and devanning services to the UK NVOCC market.
The certainty of the contemporary ocean bill is seriously threatened by the multiplicity of issuers, such as shipowners, charterers, ship agents, NVOCC's, and freight forwarders.
Consolidators, customs brokers, freight forwarders, and NVOCC's can be a factor in determining freight rate because of their experience, business relationships, and the volume at which they operate.
They are currently a licensed, tariffed, and bonded NVOCC, as well as a TSA Certified Cargo Screening Facility.
Carriers are prohibited from accepting cargo from NVOCC's which do not have an up to date tariff filed with FMC, or which have not complied with the new regulations.
Since lower tariffs were one of the main attraction of NVOCC's, NVOCC's were prohibited from deviating from the rates and charges that appeared in their filed tariffs.
The use of NVOCC's has spread to Pacific rim countries, and as their use has grown concerns have been expressed by shippers, shipping companies, NVOCC's themselves, and bankers.
A safer practice from a banking and sales law standpoint would have the NVOCC tender copies of the master or underlying bill of lading to the beneficiary of the letter of credit for presentation to the issuing or confirming bank.
Bona fide NVOCC's, on the other hand, feel that they operate at a competitive disadvantage with regard to unscrupulous NVOCC's which seem able to disregard the 1984 Shipping Act with impunity.
The expressed regulatory purpose was to apply the new rules equally to all NVOCC's, both foreign and domestic, 'inasmuch as foreign NVOCC's were already subject to tariff filing requirements under the Shipping Act of 1984.'
Dimerco is IATA Cargo Agent, ISO/PAS 28000, NVOCC Licensed, Class A Licensed in China, C-TPAT (Customs-Trade Partnership Against Terrorism) and AEO (Authorized economic operator) certified.
The suggested practice would also help the holder of the copy of the master bill trace his goods in the event of the NVOCC's insolvency or disappearance, especially if the NVOCC's bill does not name the actual vessel.
In an attempt to bolster the reliability of NVOCC bills, the 1984 Shipping Act required NVOCC's to file tariffs with the Federal Maritime Commission (' FMC'), regardless of whether they were domestic or foreign-based.
Since the 1984 Shipping Act authorized NVOCC's to issue bills of lading as carriers, NVOCC issued bills of lading which contain a signature of the forwarder 'as carrier' or 'agent for the carrier'qualify under Article 26.
Bona fide NVOCC's would have no objections to this practice, but bad faith NVOCC's would oppose it because it would prevent them from issuing their own bills on a 'freight prepaid' basis after they had obtained 'freight collect'terms from the actual carriers.
In addition to providing resident agent services for non-United States based NVOCC's and tariff filing services, bonding and insurance services for all NVOCC's, this private registry is attempting to gain industry acceptance of an NVOCC registration number.