What is NVOCC in SAP TM - Transportation Management?

SAP Term: NVOCC

• Component: TM

• Component Name: Transportation Management

• Description: A carrier that provides ocean transportation and issues its own bills of lading, but that does not own or operate the vessels by which ocean transportation is provided.

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• Key Concepts: 
  NVOCC stands for Non-Vessel Operating Common Carrier. It is a type of freight forwarder that does not own or operate its own vessels, but instead contracts with other carriers to transport goods. NVOCCs are responsible for arranging the shipment of goods from one point to another, and they are often used by companies that do not have their own shipping capabilities. 
  
  How to use it: 
  In SAP Transportation Management (TM), NVOCCs can be used to arrange the shipment of goods from one point to another. The NVOCC will be responsible for negotiating rates with carriers, arranging the shipment, and tracking the shipment until it reaches its destination. The NVOCC will also be responsible for providing documentation such as bills of lading and customs documents. 
  
  Tips & Tricks: 
  When selecting an NVOCC, it is important to ensure that they have experience in the type of goods being shipped and that they have a good reputation in the industry. It is also important to ensure that they are able to provide the necessary documentation and that they are able to track shipments in real-time. 
  
  Related Information: 
  NVOCCs are just one type of freight forwarder available in SAP TM. Other types of freight forwarders include ocean carriers, air carriers, and rail carriers. Each type of freight forwarder has its own advantages and disadvantages, so it is important to select the right one for your needs.