Less-than-container load (LCL) is a shipment that is not large enough to fill a standard cargo container. The abbreviation LCL formerly applied to "less than (railway) car load" for quantities of material from different shippers or for delivery to different destinations carried in a single railway car for efficiency. LCL freight was often sorted and redistributed into different railway cars at intermediate railway terminals en route to the final destination.
LCL is "a quantity of cargo less than that required for the application of a carload rate. A quantity of cargo less than that fills the visible or rated capacity of an inter-modal container”. It can also be defined as "a consignment of cargo which is inefficient to fill a shipping container.
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Normally it will be consolidated with other LCL shipments to make an FCL (full container load).
When you do not have enough cargo to fill a shipping container of FCL, you can opt for the LCL option. LCL is usually a very viable option. Specialist LCL sea freight consolidators run services to all of the major ports and gateways around the world. They do this by paying for a full container from the shipping line, consolidating multiple smaller shipments at their warehouse, loading and shipping the full container in the usual manner and then earning their profit by charging a pro rata rate per 1000 kg’s or 1 Cubic Meter (whichever is greater), known as weight or measure (w/m)
The question remains FCL or LCL?
There are some instances where a shipper will not want to share a container even if LCL is cheaper, but for most the decision of which option to choose comes down to cost. Consider the below example when shipping from London to Durban, South Africa (using fictional rates!) Lets say shipment size of 2,000 kg’s and 10.000 M3
20 ‘ container would cost £2500 including all costs from collected to arrival
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Sea Freight rates are normally provided in the form of a Freight quotation, and the format of these quotations can vary between freight forwarders companies and sea freight companies. Whilst new surcharges seem to be introduced daily, your sea freight price will most likely be made up of the below freight & surcharge items.
Cost type Description FCL Charge Type LCL Charge Type
Inland Haulage Haulage from shipper to export warehouse or port of exit. Lump Sum - Can include Ocean Rate be subject to Fuel surcharge Lump Sum - Can include Ocean Rate be subject to Fuel surcharge
UK THC Terminal handling charge – container handling at the port or consolidation warehouse Lump Sum Weight or Measure (W/M) Usually based on per 1000 kgs or 1.000 M3 whichever the greater.
Documentation Admin charge for required shipping documentation. Lump Sum - Can be multiple items for different documentation. I.e. Shipping line Bill of lading / House Bill of lading / certificates of origin etc. Lump Sum - Can be multiple items for different documentation. I.e. Shipping line Bill of lading / House Bill of lading / certificates of origin netc.
Customs Clearance Production and lodging of customs declaration. Lump Sum Lump
Packing: A loan is made that contains charges for services the borrower did not request or need. "Packing" most often involves making the borrower believe that credit insurance must be purchased and financed into the loan in order to qualify.
6. Shipping Information – printed on shipping container and can be company name, handling instructions, product weight and quantity,
that does the paperwork. The bank wasn’t prepared for the amount of work being send to
I am going to carry out an experiment to measure the change in mass of
m= 10km2 x 1000m x 1000m = 107m2 107m2 x 15= 1.5 x 1.8m3 = 1.5 x 1011kg
Royal Caribbean Cruise Ltd (RCCL) has two distinct supply chains which create a unique challenge. Each supply chain is managed by a Provision Master. The first supply chain includes all food, beverage, and lodging inventories that needed for the trips. The second supply chain encompasses “corporate spend” materials, such as office supplies, printing services, hardware and software, printed materials, computer supplies, marine consumables (spare parts, fuel, lubricants, any and all services associated with the ship maintenance and etc).
Though, the concept of palletization has evolved over the last 105 years or so, it came into full time existence since World War II; when urgency of material movement across regions was top priority. Palletization was regarded as huge scope to help US armed forces to do more with less. Palletized loads could handle more goods with fewer resources, making them available for other purposes at the same time; it could also increase warehousing capacity & throughput. By the end of war, enormous advantages of palletization in material handling
Container shipping industry is kind of international trade and destined restricted by los of regulation, such as ocean environment law, nation’s imports & exports law.
Ensure All Information is Correct. Double checking your bill of lading (BOL) only takes a minute and could save you a lot of time. Misinformation about the weight, density or classification of freight can have financial consequences – not only in fines but in lost time due to carriers reweighing, reclassifying or refusing to carry mislabeled freight. Accurate BOLs ensure your freight won’t incur fines and will be carried and delivered
terms firstly, where it involves two other contracts respectively. Then, I will mainly analyse the duties of the shipper in the contract of carriage. Next, the most discussion will be referred to the contract of marine insurance on the relationship between the assured and insured, as well as the insurance cover. Finally, I will analyse letters of credit as a method of pay... ... middle of paper ... ...
A lawful salvage claim must describe a voluntary service, and also a “place of safety” which the salved vessel has reached in order for the salvage services to be concluded (Baughen, 2012). This location can be agreed upon between the contracting...
The freight rate is the price of the carrier that pays by the charterer or ship owner. Freight rate is compulsory and it is measures by the value of goods, point of destination and the travel distance due to land, air or ocean. Freight rate also include with the custom clearance process. It is demanded by the fluctuation of supply and demand, the bargaining power of shipper, the competitors with other logistic company and the availability or alternative of transport modes (lorry, train and ship) (The Challenges Facing The Maritime Transport Industry,
One other peculiarity of a consecutive voyage charter is the time factor as it causes certain structural differences when it comes to costs and income. These contracts will contain bunker clauses or other clauses concerning cost
Contra assets; normally assets are debit balance but contra asset is asset with credit balance.