NVOCC definition

NVOCC means with respect to any In-Transit Inventory, a non-vessel operating common carrier engaged as a freight forwarder or otherwise to assist in the importation of In-Transit Inventory.

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NVOCC means, with respect to any In-Transit Inventory, a non-vessel operating common carrier engaged as a freight forwarder or otherwise to assist in the importation of In-Transit Inventory;

NVOCC means a non-vessel-operating common carrier as defined in the Shipping Act of 1984, 46 U.S.C. Sections 40101 et seq.

Examples of NVOCC in a sentence

For purposes of this paragraph, the term 'Master NVOCC' shall mean the NVOCC that is the customer of the Carrier and tenders co-loaded cargo to the Carrier in its name.
In the event the Master NVOCC does not submit cargo declaration data for co-loaded cargo directly to the Customs Service but NVOCCs with which it co-loads transmit cargo declaration data for their cargoes directly to the Customs Service, it shall be the obligation of the Master NVOCC to provide Carrier with the certification described in subparagraph C (1) with respect to all co-loaded cargo tendered to Carrier by the Master NVOCC.
In the event the Master NVOCC submits cargo declaration data for co-loaded cargo directly to the Customs Service, it shall do so for all NVOCCs with which it co-loads.
In the event the Master NVOCC submits cargo declaration data for co- loaded cargo directly to the Customs Service, it shall do so for all NVOCCs with which it co-loads.
Quotations as to fees, rates of duty, freight charges, insurance premiums or other charges given by Carrier to Merchant are for informational purposes only and are subject to change without notice and shall not under any circumstances be binding upon Carrier unless Carrier in writing specifically undertakes the handling of transportation of the shipment at a specific rate and that rate is filed in Carrier’s tariff or pursuant to a negotiated rate agreement or NVOCC service arrangement.

More Definitions of NVOCC

NVOCC means a non-vessel operating common carrier.

NVOCC a non-vessel operating common carrier.

NVOCC shall have the meaning set forth in the definition of “Eligible In-Transit Inventory”.

NVOCC means Non-Vessel Operating Common Carrier. ‘Person’ includes an individual, company, group or other entity. “Place of Delivery” means any port or place so named overleaf. “Place of Receipt” means any port or place so named overleaf. ‘Port of Discharge’ means any port so named overleaf.

NVOCC means a non-vessel operating common carrier. “Obligations” means all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party and its Restricted Subsidiaries arising under any Loan Document or otherwise with respect to any Loan or Letter of Credit, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest, fees and other amounts that accrue after the commencement by or against any Loan Party or Restricted Subsidiary of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest, fees and other amounts are allowed claims in such proceeding; provided that (i) the Obligations shall exclude all Excluded Swap Obligations and (ii) in no event shall “Obligations” include any obligations of any Loan Party arising under any Secured Hedge Agreement or any Secured Cash Management Agreement. Without limiting the generality of the foregoing, the Obligations of the Loan Parties under the Loan Documents (and their Restricted Subsidiaries to the extent they have obligations under the Loan Documents) include the obligation (including guarantee obligations) to pay principal, interest, Letter of Credit fees, reimbursement obligations, charges, expenses, fees, Attorney Costs, indemnities and other amounts payable by any Loan Party under any Loan Document (including any reimbursement obligations in respect of any of the foregoing that the Administrative Agent has paid or advanced on behalf of such Loan Party pursuant to the terms of the Loan Documents). “OFAC” has the meaning specified in Section 5.18(c). “OID” means original issue discount. “Omega” has the meaning set forth in the preliminary statements to this Agreement. “Omega III” has the meaning set forth in the preliminary statements to this Agreement. “Omega Annual Financial Statements” means the audited consolidated statements of operations, shareholders’ equity and cash flows of Omega III for the fiscal years ended December 31, 2016, December 31, 2017, and December 31, 2018, and the related audited consolidated balance sheets as of the end of such fiscal years. “Omega Entities” means Omega and its Subsidiaries that are Subsidiaries of Omega prior to giving effect to the Transactions. “Omega Parent” has the meaning set forth in the preliminary statements to this Agreement. “Omega Quarterly Financial Sta...

NVOCC means Non-Vessel Operating Common Carrier

NVOCC means Non-Vessel Operator Common Carrier and referes to freight forwarding agents that contract with the actual shipping lines on behalf of individuals in order to ship freight.