What Is LCL & FCL In Shipping Terms?

What is FCL?

FCL (full container load) is an ocean shipment in which the cargo occupies a full container (of any size).

An FCL shipment can be stuffed at the supplier, and then trucked directly to the CY (container yard): The container can either be live unloaded at the destination, or the trucker can do a drop..

Which is better CIF or FOB?

With CIF, responsibility transfers to the buyer when the goods reach the point of destination. In most cases, we recommend FOB for buyers and CIF for sellers. FOB saves buyers money and provides control, but CIF helps sellers have a higher profit.

How do you calculate LCL charges?

If freight forwarder quote a rate of USD 10.00 per CBM, the rate will be 6.44 CBM X USD 10.00 per CBM = USD 64.40. If the weight of the said package is 7 tons (7000kgs), the freight on LCL is calculated on the basis of weight. That is, 7 tons X USD 10.00 = USD 70.00.

How many CBM is a 20ft container?

Container types and measurements20 ft40 ftCubic CapacityCubic meters Cubic feet27.9 cbm 986 cu. ft56.1 cbm 2,000 cu. ft.Payloadkg lbs27,550 kg 53,460 Ibs28,600 kg 62,940 Ibs12 more rows

How do you calculate CBM in inches?

Cubic Meter (m3)Inches:Length.X.Width.X.Height.Cubic Meter (m3) 0.055 cbm.

What is difference between LCL and FCL?

FCL refers to shipments for which all goods in a container are owned by one party, while LCL involves multiple shippers’ goods packed together. … For instance, LCL allows you to maintain a smaller, more adaptable product inventory, while FCL is ideal for bulk items and large-volume products.

What does LCL mean in shipping?

less than a container loadLCL stands for less than a container load. Since LCL shipments fill less than a full shipping container, they are grouped with other cargo, which is why they are sometimes called groupage shipments.

Which is cheaper FCL or LCL?

LCL costs more than FCL per unit of freight. That’s because freight agents prefer a full container load — it’s easier for them than figuring out how to bundle many LCL shipments in a full container.

What are LCL charges?

Unlike FCL, which usually has a flat rate per container, LCL is charged based on the volume, set in cubic meters. LCL shipping is a cost-effective solution for smaller shipments as you only need to pay for the volume space used. At the same time it almost always cheaper than air freight.

How do you calculate CBM?

To find the CBM, use the standard formula for volume and multiply the length, width, and height of the rectangular prism. For example, say the length is 5.5 meters, the width is 2.5 meters, and the height is 7.0 meters: 5.5 x 2.5 x 7.0 = 96.25, so the CBM is 96.25 cubic meters.

How many CBM is 1 kg?

1.000 KGEQUIVALENCE: 1 CBM = 1.000 KG.

What is the size of 1 CBM?

One cubic meter is a quite large volume in your international delivery. A cubic meter is a volume that can be filled by your packed goods in the space limited by one meter wide, one meter in length and one meter in height, OR ~ by 39″ wide, 39″ in length and 39″ in height.