What does NVOCC mean?

Non Vessel Owning Common Carrier (NVOCC) refers to a transportation operator that does not own any ocean going vessel assets. The transport operator will take care of operations that include…

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Shipping CIF Incoterms 2020

CIF Incoterms 2020 : A Few Quick Points Cost Insurance and Freight (CIF) Incoterms can be used for sea transport, including inland waterway Risk transfers from seller to buyer when…

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Difference between LCL and FCL

What does LCL and FCL mean? FCL refers to “Full Container Load” whereas LCL means “Less than Container Load”. Both these terms are used quite often and commonly in international…

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