Categories: BCO/Shipper, Freight Forwarder, Port Drayage, Trucking, Warehouse. Looking for online definition of BCO or what BCO stands for? Not quite a leased on driver is not an O/O a O/O has his own authority land star refers to there drivers as BCO'S that's what I understand. Find out what is the full meaning of BCO on Abbreviations.com! Admiral: This is a senior naval officer of Flag rank. NVOCC is a cargo consolidator that acts as a carrier legally. Zepol, a top U.S. trade data provider, defines BCO as “an importer that takes control of their cargo at the point of entry and does not utilize a third party source.” This means that a BCO is a company with enough importing clout, bringing in enough freight to negotiate contracts directly with a VOCC. Beneficial Cargo Owner (BCO) Abbreviated BCO. This is a Latin term meaning 'according to value.' There are so many NVOCCs, but the US has the most significant number of NVOCCs around the world. BCO is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms The Free Dictionary The retailer sources items from the warehouse for its stores as needed to meet consumer demand. BCO: Bargain Catalog Outlet: BCO: British Council for Offices (UK) BCO: BMC Capacity Optimization (software) BCO: Building Code Official (various locations) Bill of Lading Bill of Lading is a document that serves as proof of ownership, contract of carriage and a receipt of shipment. Within the shipping industry, most people know that this is most definitely not true. 1,848 2,151. A beneficial cargo owner is an importer that takes control of a shipment at the destination, using their own logistics. Import duty applied as a percentage of the cargo's dutiable value. Axle Load – Each freight shipping transport has a weight limit. Ocean Freight can be assessed based on the value of the merchandise as well. Port BCO abbreviation meaning defined here. BPD BCO stands for Beneficial Cargo Owner. And there was even many examples that the NVOCC branch of a company did not do the negotiaton but left it for the Freight Forwarder branch, e.g. Every industry has it’s own unique lingo, and the world of shipping and freight logistics is no different. 'Breast Cancer Online' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and abbreviations resource. What does BCO stand for in Port? A shipper/beneficial cargo owner (BCO) takes receipt of the goods and stores them in its warehouse prior to final distribution to end customers. BB Bareboat (Method of chartering of the ship leaving the charterer with almost all the responsibilities of the owner.) Glossary of Shipping Terms: BB - BCO BB Ballast Bonus (Special payment above the Chartering price when the ship has to sail a long way on ballast to reach the loading port.) Get the top BCO abbreviation related to Port. May 11, 2017 #4. Here are 14 transportation terms defined. Looking for the definition of BCO? Curt 123, May 11, 2017 #4 + Quote Reply. Curt 123, May 11, 2017. A21CAV Road Train Member. A BCO doesn’t use a freight forwarder nor NVOCC. The clients of NVOCC are BCO (Beneficial Cargo Owner), Freight forwarder, clearing agent, and freight broker. The definition of NVOCC is different from the government of various countries. When I worked for a major shipping line the NVOCC’s did not rent space, they just negotiated with large volume commitments (just like large BCO’s) which were rarely enforced. Manufacturer Alternative and related terms for supplier: producer, processor, refiner, vendor Oct 4, 2011 Laredo, TX 0. Of a shipment at the destination, using their own logistics a document that serves as proof of ownership contract... 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