An FMC license or registration is generally required in the following scenarios.: when you re-sell full-container load (FCL) or less-than container load (LCL) ocean freight at a markup or profit when you issue your own House Bill of Lading or other shipping documents in the name of your company when you allow shipments to move […]
In the U.S. ocean trade lanes, a Non-Vessel-Operating Common Carrier (NVOCC): holds itself out to the public as a company that provides transportation for cargo between the US and a foreign country by water for compensation without operating the vessel by which the transportation is provided. An NVOCC is a shipper in relationship with the […]
No. Companies outside of the US that offer ocean freight services to or from the US under their own name must register with the U.S. Federal Maritime Commission (FMC). The FMC NVOCC License is only available to NVOCCs with offices and staff in the US. DPI has helped thousands of companies successfully apply for FMC […]
Most NVOCCs obtain an NVOCC bond through a surety company approved by the U.S. Treasury. DPI works with a number of surety companies in the US and abroad. We are happy to recommend one for your organization. To learn about our NVOCC Bond services, click here.
Under U.S. Federal Maritime Commission regulations, NVOCCs must provide proof of financial responsibility before they begin operating in the U.S. ocean trade lanes. Licensed NVOCCs must maintain proof of financial responsibility in the amount of US$ 75,000. Registered NVOCCs must maintain proof of financial responsibility in the amount of US$ 150,000. Most NVOCCs provide proof […]
Yes. You are generally operating as an NVOCC in the U.S. ocean trade lane in the following scenarios regardless of whether you issued a House Bill of Lading.: when you re-sell full-container load (FCL) or less-than container load (LCL) ocean freight at a markup or profit when you issue your own House Bill of Lading […]
Once you have obtained an NVOCC license or registration, you must: keep your NVOCC bond in effect; keep your FMC tariff rules up to date and reflective of all terms and surcharges applied to their ocean freight rates; comply with FMC’s regulations by documenting your ocean freight selling rates in tariff rate filings, Negotiated Rate […]
Organizations based in the US that work with DPI typically spend $3936 to satisfy FMC requirements to obtain an FMC NVOCC license. See below for cost breakdown.: FMC-Licensed NVOCC: Estimate $3936 Cost Breakdown: U.S. Federal Maritime Commission – New License Application Filing Fee: US$ 1304 DPI Application Handling: US$ 900 estimate (12 hours / US$ […]
