Ocean Transportation Intermediary
Encyclopedia
An ocean transportation intermediary (OTI) is licensed by the Federal Maritime Commission
(FMC) to be an ocean
freight forwarder
, a non-vessel operating common carrier (NVOCC), or an ocean freight forwarder and NVOCC.
Federal Maritime Commission
The United States Federal Maritime Commission is an independent federal agency, based in Washington D.C., responsible for the regulation of oceanborne transportation in the foreign commerce of the U.S.-Mission:The FMC:...
(FMC) to be an ocean
Ocean
An ocean is a major body of saline water, and a principal component of the hydrosphere. Approximately 71% of the Earth's surface is covered by ocean, a continuous body of water that is customarily divided into several principal oceans and smaller seas.More than half of this area is over 3,000...
freight forwarder
Freight forwarder
A freight forwarder, forwarder, or forwarding agent is a person or company that organizes shipments for individuals or other companies and may also act as a carrier...
, a non-vessel operating common carrier (NVOCC), or an ocean freight forwarder and NVOCC.