Carrier Owned Container (COC) Definition:
A carrier-owned container is owned by the logistics or shipping company and is usually rented out to the consignee.
In the logistics industry, shipping lines usually own and operate their container, which they lease out to clients or consignees on agreed terms and duration. The cargo containers are branded with the owner or shipping company's logo and markings in compliance with set transport regulations. These markings make it easy to track and identify the containers. COCs follow international standardization protocols and terms, including features, size, construction, etc. Also, in COC, the container owner is responsible for repairs and maintenance of the containers. It also includes regular inspection and upkeep processes.
