What does BCO mean in shipping terms?
Beneficial Cargo Owner
BCO is an acronym for Beneficial Cargo Owner. The BCO refers to the importer of record, who takes possession of cargo at the destination and does not act as a third party in the movement of the goods. A BCO contract specifies the carriage of freight by ocean through two primary channels: a direct or indirect channel.
What is a BCO offshore?
The Ballast Control Operator (BCO) is the crew member responsible for controlling the vessel’s stability. A ballast tank is a compartment within a boat, ship or other floating structure such as rig and other offshore installations that holds water, which is used as ballast to provide stability for a vessel.
What is a BCO company?
A beneficial cargo owner (BCO) is an importer that takes control of a shipment at the destination using their own logistics assets instead of utilizing a third-party source like a freight forwarder or NVOCC.
What is BCO and non BCO?
There is a lot of confusion surrounding the four main terms in international shipping, such as BCO (Beneficial Cargo Owner), VOCC (Vessel Operating Common Carrier), FFW (Freight Forwarder), and NVOCC (Non-Vessel Operating Common Carrier).
What is BCO and NVO?
Definition of BCO (Beneficial Cargo Owner) BCO, beneficial cargo owner, is the party that ultimately owns the product being shipped. A BCO is often thought of as a term used only in the NVOCC or freight forwarder market, where BCO is also known as the importer of record.
What does BCO stand for in construction?
Building Control Officer
BCO – Building Control Officer.
What is a BCO at BP?
The Marine Technician – Ballast Control Operator (BCO) is primarily responsible for ballast and fluid transfer operations, while ensuring and maintaining the stability of the offshore facility by monitoring other marine-related operations, systems, equipment, and environmental conditions.
How do I become a ballast control operator?
(i) A certificate from a Coast Guard-approved stability course approved for barge supervisor or ballast control operator. (ii) A certificate from a Coast Guard-approved survival suit and survival craft training course. (iii) A certificate from a firefighting training course as required by § 11.201(h) of this part.
What is BCO account?
Who is cargo owner?
Cargo Owner means the owner of any goods and any bailor, bailee consignor shipper consignee or other respective agents in relation thereto (but shall not include the Port Authority).
What is the difference between NVO and NVOCC?
A Non-Vessel-Operating Common Carrier is a shipping industry term that refers to a type of Ocean Transportation Intermediary (OTI), is often abbreviated by the industry to NVOCC, and sometimes even shorter to NVO. These two abbreviations are interchangeable and describe the same entity.
Who does a BCO work for?
Its members are all organisations involved in creating, acquiring or occupying office space, whether architects, lawyers, surveyors, financial institutions or public agencies. The BCO works to advance the collective understanding of its members, enabling them to work together to create more effective office space.
What is the BCO spec?
It addresses the current drivers for change in the industry, identifying value, changing occupier requirements, sustainability and integrated design as the key factors at this time.
Whats it like to work for BP?
Flexible working and amazing benefits. Also the energy transition is providing a lot of very cool projects. If you do end up based in Sunbury, it can be a pain to get to, and there is nothing fun for your lunch hour or after work. Also not ideal for IT graduates as most entry-level roles are outsourced.
What is ballast control?
Monitor System’s Ballast Control and Tank Gauging System enables marine vessel operators to use reliable informative data to critically and safely manage the ballast and trim of a vessel according to operational needs, deck loading and sea conditions.