How to Compute Basic Ocean freight under LCL shipment?

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How to calculate Chargeable Volume?

 

How to find chargeable volume under LCL export with examples?

 

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

Or it can be also stated as, basic ocean freight under LCL shipment is calculated on the basis of chargeable volume of cargo. 

How to calculate chargeable volume of cargo?  Chargeable volume means total cubic meter volume of cargo or total gross weight in Tons whichever is higher.

 

More examples based on ‘Gross weight’ are accounted in for finding chargeable volume to calculate total ocean freight.

 

EXAMPLES 1

 

Find the ocean freight for the following LCL shipment. Freight charge is $ 40 per CBM. Measurement of cargo is given as,

Length - 60cm

 Width - 1.5m

 Height - 2m

Weight - 3000 kg

 

Solution

 

   Volume  =length *weight*height

       =0.6*1.5*2

        =1.8 CBM

Since 3000 kg is equal to 3 CBM

 

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

      1.8< 3

i.e, 3*40= $ 120

Total ocean freight for the LCL shipment =$ 120

Gross weight is accounted

 

 

Example 2:

 

Find ocean freight for the following LCL shipment .Ocean freight is 55$ per cbm. There are 4 parcels and each parcel is measuring 2 m length, 75 cm width, and 70cm height. Gross weight is mentioned as 10 tons.

 

Solution:

    Length           –  2m

    Width            –   75cm (0.75m)

    Height           – 70cm (0.7m)

    No. of Parcel  – 4

    Rate             -   $ 55 per cbm

    Weight          - 10 tons

        V            =   L* W* H

                      = 2*0.75*0.7

                      =1.05 CBM

     i.e,     1.05*4

                    =4.2 CBM

Weight is 10 tons, so it considered as 10 CBM

  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.

      So,      10 > 4.2

à      10*55 = 550

Total ocean freight for the LCL shipment = $ 550

Gross weight is accounted

 

 

 

EXAMPLES 3

 

Find the total ocean freight for the following LCL shipment. Freight charges are quoted as $40 per cbm. Gross weight is 1500 kg. Measurement of cargo is given as,

Length    =  40 cm (0.4 m)

Width     =  1.3 m

Height    = 1.8m

Weight    = 1500 kg (equals to 1.5 cbm)

 

 Solution

 

    V    = L* W* H

          = 0.4* 1.3*1.8                    

          = 0.936 cbm

 

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. Here,

 

      0.936 < 1.5

 

So, 1.5*40 = $60

           Gross weight is accounted 

 

 

 

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Hakan: what is the basis laws clauses regulations for this calculation

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