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Glossary Term

Beneficial Cargo Owner

Beneficial Cargo Owner Definition:

This is an individual or entity that takes possession of a shipment or container when it gets to its destination.

A BCO is known as the importer on record. This is the actual owner or importer who takes physical possession of the cargo when it arrives at the destination. They usually assume ownership rights even if they don't own the legal title. It also means that the BCO has vested interests in the shipment and stands to benefit from its arrival. BCOs usually work with several parties or entities, such as container transport owners, service providers, and other shipping and logistics systems and processes.

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ACEP (Approved Continuous Examination Program)  Aggregate Shipment API (Application Programming Interface) Backhaul BAF (Bunker Adjustment Factor) Beneficial Cargo Owner BIC (Bureau International des Containers) Bill of Lading BPD (Barrels Per Day) Cabotage Cabotage Containers Carrier Carrier Owned Container (COC) CBM Chassis Check Digit Clear Height Combo Chassis Compound Annual Growth Rate (CARG) Consignee Consignor Container Freight Station Container Imbalance Container Imbalance Charges Container Inspector Container Logistics Container Terminal Container Yard Cross Docking CSC Plate Damage Protection Plan (DPP) Damage Replacement Value (DRV) Electronic Data Interchange (EDI) Electronic Logging Device (ELD) Fifth Wheel Flat Rack Container Flatbed Garments on Hanger (GOH) Gateway HazMat High cube Container In Bond/A container Ingate Joint Rate Kingpin Known Loss Landed Cost Master Bill of Lading (MBL) MGM Non-Vessel Operating Common Carrier (NVOCC) O/H (Overheight) O/S (Open Sided Shipping Container) Payload