Meaning of "Nonvessel operating common carrier (NVOCC)"

A cargo consolidator in ocean trades who buys space from a carrier and resells it to smaller shippers. The NVOCC issues bills of lading, publishes tariffs, and otherwise conducts itself as an ocean common carrier, except that it does not provide the actual ocean or intermodal service.

Nonvessel operating common carrier (NVOCC) Meaning of