## Basic Ocean freight Calculation under LCL shipment

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.

Question

A Company has to send 11 parcels from Mumbai to Boston. Each parcel has got same measurement like length is 220 cm, width 1.8 m and height is 150 cm. They weights 590kg each. The freight charge is given as \$ 42/cbm. Find out the total ocean freight would cost to the company.

Solution

Length           -    220cm (2.2 m)

Width            -    1.8m

Height           -   150cm (1.5m)

Weight          -   590kg (for each parcel)

Parcels, n      -      11

Charge            -   \$ 42 /cbm

Volume                =     2.2*1.8*1.5   =   5.94

5.94*11      =     65.34cbm

Total weight        =       590*11     =     6490kg

6490        =          6.49cbm    (1000 kg = 1 cbm)

Basic Ocean Freight under LCL cargo is calculated on the basis of per CBM (Cubic Meter) rate or per Ton (per 1000 kg’s gross weight) whichever is higher.

Here,       6.49 < 65.34 (gross volume is selected since it is higher)

65.34*42   =     2744.28

Total ocean freight would cost to the company is \$2744.28

How to obtain Phyto sanitary certificate. What is phytosanitary certification

How to Import to Lithuania?

How to export from India to Liechtenstein?

How to export from Liberia?

How to Import to Liberia?

How to import to India from Liberia?

How to export from India to Liberia?

How to Import to Latvia?

Latest date to file GST registration in India

Procedures to obtain GST registration for non-resident taxable person

Is digital signature option available under registration of GST in India?

Advantages of GST registration in India

Who has to obtain GST registration in India?

Does GST registration number of my firm change time to time in India?

Is GST registration required for a public sector undertaking?

Is amendment of GST registration allowed in India?

Cancellation of GST registration in India

Unique Transaction Reference number (UTR) Means

Term Treatment for Zero Rated Supplies under GST

Transportation of goods without issue of invoice under GST

Meaning of Transitional arrangements for ITC under GST

Transition provisions under GST

Term Transition credit under GST