Chargeable Volume under LCL (Less than Container Load) Shipment?
Basic Ocean Freight under LCL cargo is calculated on the basis of per CBM (Cubic Meter) rate or per Ton (per 1000 kgs gross weight) whichever is higher.
Or we can say basic ocean freight under LCL shipment is calculated on the basis of chargeable volume of cargo.
How to find chargeable volume of cargo? Chargeable volume means total cubic meter volume of cargo or total gross weight in Tons whichever is higher.
Let us find with examples:
EXAMPLES
Question
Find the total Basic Ocean freight for the following LCL shipment:-
a) Length – 50 cm
b) Width – 1.2 m
c) Height – 1.9 m
d) Total weight - 2500 kg
e) Ocean Freight Rate - $ 35 /cbm
Solution
Volume = length * width* height
We need to calculate total cubic meter volume of cargo. So measurements in centimeter are converted into meter.
Hence,
0 .5*1.2*1.9 = 1.14 cbm
While converting total gross weight in to ton = 2.5 Tons
Since, 2.5 cbm > 1.14 cbm, (Gross weight is accounted)
2.5 * 35 = 87.5
So, Total basic ocean freight under this example is $ 87.5
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