What does SOC mean in drayage?

Shipper Owned Containers, or SOC, indicates that a shipping container is owned by the consignee, the person responsible for receiving the shipment. SOC’s can be an advantage to shippers as they are not eligible for per diem or demurrage charges as those fees are attached to the prolonged use of the carrier’s container.

Who is in charge of shipping containers?

One common question that naturally arises is, who owns all these containers? To give you the short answer, shipping containers are largely owned by shipping lines and leasing companies. However, it’s not uncommon for freight forwarders, NVOCCs and shippers to own containers as well.

Who owns a shipping container?

If you are using a shipping container it probably came from one of two places, it is either owned by a shipping line or owned by a container leasing company, a very small percentage of shipping containers are also owned by the shipper. The only indication of ownership is the writing on the side of the container.

What is SOC and COC in shipping?

Whether owned or leased, collectively, the containers owned and leased by shipping lines are called “carrier owned container (COC in short)” or line owned container.. The term COC is not used much as in majority of the cases, the container used by the customer is the carrier owned container..

What is SOC and COC?

As the name itself suggests, a SOC is a container that is owned by the shippers which may be a consignee or the supplier and a COC is a container owned by a carrier which may be the shipping line or container leasing companies. A carrier may be: VOCC- Vessel Operating Common Carrier.

What is meant by Nvocc?

Definition: NVOCC stands for Non Vessel Owning Common Carrier. NVOCC operation comprises of sales, stuffing and transport of the containers to gateway ports. The bill of lading issue and overseas distribution is taken care by the agents of NVOCC.

Who owns the most shipping containers in the world?

A.P. Moller-Maersk is the world’s largest integrated shipping company with a total capacity of 4.1m TEU. It operates a fleet of 708 vessels including 307 own container vessels and 401 chartered container vessels as of December 2019.

What is CDC shipping?

(c) “C.D.C” means a Continuous Discharge Certificate-cum-Seafarer’s Identity Document.

What Nvocc means?

Non Vessel Owning Common Carrier
Definition: NVOCC stands for Non Vessel Owning Common Carrier. NVOCC operation comprises of sales, stuffing and transport of the containers to gateway ports. The bill of lading issue and overseas distribution is taken care by the agents of NVOCC.

What NVOCC means?

What is difference between freight forwarder and NVOCC?

An NVOCC is an intermediary between the shipper and the vessel operator and issues their own bills of lading. A freight forwarder is an authorized agent acting on behalf of the shipper.

What is the difference between VOCC and NVOCC?

NVOCC stands for Non-Vessel-Operating Common Carrier is someone who undertakes to perform all the services of a VOCC but without owning or operating vessels, as the name implies.. VOCC stands for Vessel Operating Common Carrier – also known variously as Ocean Carrier, Shipping line..

What are COC shipping charges?

Using a COC is simple: You pay the carrier a given “all in” rate to move your freight from A to B and the carrier is responsible to do the “in-between”. This includes the provision of the container itself.