What is an important characteristic of an NVOCC's service?

Prepare for the Certified Export Specialist Test. Use flashcards and multiple-choice questions, each with hints and explanations. Get ready to excel!

An important characteristic of a Non-Vessel Operating Common Carrier (NVOCC) service is improved pricing negotiation. NVOCCs operate by consolidating cargo from various shippers and then negotiating better freight rates with shipping lines due to the volume of cargo they handle. This gives them leverage to secure more favorable pricing for their clients compared to what individual shippers might be able to access on their own. As intermediaries, they add value by optimizing shipping arrangements and providing potentially lower costs for smaller shipments by consolidating multiple shipments together, which can ultimately lead to more competitive pricing across their services. This characteristic is integral to the appeal of NVOCC services in the international shipping market.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy