NVOCC vs. Freight Forwarder: What is the Difference between them? Some considerations about Gulf Agency Services Djibouti
As in any industry, a detailed comprehension of various actors and their positions in the supply chain contributes to the proper handling of cargoes in the shipping industry. Two major agents in this regard can be categorized into two types: non-vessel operating common carriers (NVOCCs) and freight forwarders. They may seem similar. But there are distinct differences between the two. Gulf Agency Services (GAS) in Djibouti is a prominent entity in global logistics. GAS provides an expert perspective on NVOCC vs. freight forwarder. Here’s a detailed look at their roles and the differences between them. Understanding NVOCC A Non-Vessel Operating Common Carrier (NVOCC) is a company that offers ocean transportation services without owning or operating any ships. Essentially, an NVOCC functions as an intermediary. They consolidate shipments. They issue their own bills of lading and assume responsibility for the cargo during transit. Key Functions of NVOCC 1. Consolida...