Non-Vessel Operating Common Carrier (NVOCC)
A cargo consolidator in ocean trades who will buy space from a carrier and sub-sell it to smaller shippers. The NVOCC issues bills of lading, publishes tariffs and otherwise...
The recorded number of the containers on the vessel. The container capacity of a container vessel is shown with twenty-feet equivalent unit.
Ocean Bill of Lading (Ocean B/L)
A contract for transportation between a shipper and a carrier. It also evidences receipt of the cargo by the carrier. A bill of lading shows ownership of the cargo...
A notation on a bill of lading that cargo has been loaded on board a vessel. Used to satisfy the requirements of a letter of credit, in the absence...
A notation on a bill of lading that the cargo has been stowed on the open deck of the ship.
Lease that covers the outbound voyage only, after which the container is returned to the lease holder at or near destination.
A marine insurance policy that applies to all shipments made by an exporter over a period of time rather than to one shipment only.
A container fitted with a solid removable roof, or with a tarpaulin roof so the container can be loaded or unloaded from the top.
A comparison of a carrier’s operating expense with its net sales. The most general measure of operating efficiency.
Location where shipment begins its movement.
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