Non-Vessel Operating Common Carrier (NVOCC) is a trending term in the Logistics industry. You might have heard about NVOCC before but are unaware of its functioning. NVOCCs are Cargo consolidators that lease out shipment vessels instead of owning them. They lease out the shipments space and put it on sub-lease again to different clients at their terms and rates. These include international freight forwarders in China, exporters, importers, Customs clearance agents, etc. they also offer the House Bill of Lading (HBL) but do not purchase any shipping vessel.
Why choosing an NVOCC is essential for Global trade?
Offers Convenience to businesses
NVOCCs are an excellent option for businesses that don't want to waste their time dealing with large shipping lines. Many companies bear losses as they cannot negotiate the prices efficiently. The NVOCCs helps businesses to have the most reasonable prices without the need to follow any long process. All levels of companies, whether small, medium, or large, can easily access the services offered by NVOCC.
Lower shipping rates
NVOCCs are the best option when it comes to reasonable prices. NVOCC leases out a large Ocean Vessel at economical prices. As they save money on leasing a large shipping vessel, they can easily pass on the reduced prices to the businesses. Unlike freight forwarders in China, companies can now ship their goods through NVOCC at reduced prices. Businesses don't have to worry about negotiating, as they already offer the most affordable prices with several offers.
Personalized experience
If we talk about NVOCC, they offer the best and the most personalized experience to their customers. In large shipping lines, International freight forwarders in China have a large customer base to handle. It does not allow them to focus on the specific demands and concerns of each customer. However, with NVOCC, the case is entirely different. Here businesses can easily express their concerns and requests to enjoy a personalized experience.
Minimum interruptions
NVOCC holds a strong network with local and international shipping agents to offer smooth and convenient services. With the vast network on both local and international borders, you will encounter minimum interruptions during the transit. Similar to the International freight forwarder in China, their strong shipping network will reduce the customs clearance process.
Makes the documentation process more effortless.
Similarly, to freight forwarder in China, the NVOCC also offer their house bill of Lading. It reduces the complications during the shipping process and makes it more efficient. Businesses can enjoy efficient services without any hindrances with NVOCC. Once the NVOCC issues the House Bill of Lading, the shipping carrier issues a Master Bill of Lading that simplifies the documentation process.
Conclusion
Hope you have now understood the importance of NVOCC for global trade. When it comes to international trade, businesses have to face a lot of complications and bureaucracy for shipping their goods. NVOCC serves as a simplified and convenient method to ship your goods at the most affordable prices. Choosing NVOCC is better than International freight forwarders in China if you want better quality services without going through a long process.
