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05_20 - 1 Full Container LoadFCL Vs Less ContainerLCL(TBD)
05_20 - 1 Full Container LoadFCL Vs Less ContainerLCL(TBD)Business Management and Finance Courses » Udemy - International Logistics & Transportation in Supply Chain. 2023-5 |
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| 05 - Ocean Shipping Udemy - International Logistics & Transportation in Supply Chain. 2023-5 0 00:00,070 --> 00:02,520 Full container load vs less than container load. 1 00:02,520 --> 00:05,070 As we all know there are two sizes of containers 2 00:05,100 --> 00:10,410 that is a 20 feet container and a 40 feet container and shipping lines earn profit 3 00:10,560 --> 00:16,410 by moving this containers from one port to another port and they charge ocean freight for the movement along with 4 00:16,410 --> 00:19,170 other additional charges for handling the containers. 5 00:19,260 --> 00:25,140 Now there are two ways in which you can move your cargo depending on the quantity of the cargo which you 6 00:25,140 --> 00:29,400 have to move by container shipping. The first is full container load that is 7 00:29,430 --> 00:31,020 FCL. So in FCL 8 00:31,230 --> 00:37,170 the entire container is stuffed with the cargo of a single exporter and stuffing means placing the cargo 9 00:37,170 --> 00:38,400 inside the container. 10 00:38,580 --> 00:40,530 That is filling the container with cargo. 11 00:40,590 --> 00:47,070 So in FCL we can say that the entire container is occupied with the cargo of a single exporter. 12 00:47,250 --> 00:52,860 But in case if you don't have enough cargo to fill the entire container and you are a new exporter 13 00:52,860 --> 00:58,260 then the cargo of multiple exporter is clubbed together and then stuffed inside the container. 14 00:58,290 --> 01:03,660 So by the end of this chapter you will understand which type of cargo stuffing is suitable for your 15 01:03,660 --> 01:09,510 cargo whether LCL is profitable for a said quantity of cargo or FCL is profitable. 16 01:09,540 --> 01:15,600 Also you will understand which is the better option to opt for FCL when you have a cargo over a certain 17 01:15,600 --> 01:16,800 weight or volume. 18 01:16,800 --> 01:22,030 And I hope you remember what is volume as volume means a space which you occupy. 19 01:22,190 --> 01:28,440 That is if you are sitting inside a room you occupy a space and the occupied space is known as volume. 20 01:28,440 --> 01:29,340 And what is weight? 21 01:29,340 --> 01:31,370 Weight is the actual weight of your body. 22 01:31,380 --> 01:37,170 Similarly when it comes to cargo the space which the cargo occupies inside the container is known 23 01:37,170 --> 01:40,260 as volume and the weight is the actual weight of the cargo. 24 01:40,290 --> 01:45,510 So there are two types of restriction while stuffing the container as we had the same restrictions when 25 01:45,510 --> 01:50,220 it comes to air cargo that is the weight restriction and volume restriction. 26 01:50,490 --> 01:53,520 Similarly while stuffing the container there are two restrictions 27 01:53,700 --> 01:57,290 that is volumetric weight restriction and the gross weight restrictions. 28 01:57,290 --> 01:59,230 So everything has a capacity. right? 29 01:59,250 --> 02:02,910 For example you cannot put marbles inside a chocolate box. 30 02:03,240 --> 02:08,550 As the volume occupied by the chocolate and the marbles will be the same but the weight will be the different. 31 02:08,550 --> 02:11,540 And the chocolate box which is stuff with marbles will break. 32 02:11,560 --> 02:16,200 So this is the reason why the volumetric weight and the gross weight should be considered. 33 02:16,620 --> 02:21,690 So if you have enough quantity to fill the entire container and what is enough quantity that we will 34 02:21,690 --> 02:24,260 discuss when we will calculate the volumetric weight. 35 02:24,270 --> 02:29,910 So if you have enough quantity to fill the entire container you will contact a shipping line like 36 02:29,910 --> 02:32,610 Maersk, CMA CGM, Hapag-Lloyd. 37 02:32,610 --> 02:38,130 So all this container shipping companies will provide you with their container and a space on their 38 02:38,130 --> 02:41,670 ship. So you can get your cargo stuff inside the container 39 02:41,700 --> 02:42,300 for movement. 40 02:42,300 --> 02:48,210 But in case if you don't have enough cargo to fill the entire container you will contact a consolidator. 41 02:48,240 --> 02:54,690 Now consolidator is a service provider who clubs the cargo of different exporters in one container. 42 02:54,780 --> 02:58,230 So a consolidator will book a container from the shipping line 43 02:58,230 --> 03:04,260 like Maersk, Hapag-Lloyd. He will bring the empty container at a place known as Container Freight Station. 44 03:04,410 --> 03:05,700 In short CFS. 45 03:05,700 --> 03:11,630 And he will also ask the exporters to deliver their cargo at container freight station. 46 03:11,640 --> 03:17,760 So the stuffing of the cargo will be done at the container freight station and usually the container 47 03:17,760 --> 03:20,370 freight stations are bonded areas 48 03:20,400 --> 03:22,340 who are in control of the custom 49 03:22,350 --> 03:25,050 where the cargo in smaller quantities are bought. 50 03:25,140 --> 03:30,900 They are checked by the customs and then they are clubbed inside the container by the consolidator. 51 03:30,900 --> 03:35,100 So I hope the concept of FCL and LCL is bit clear. 52 03:35,340 --> 03:39,360 Now as we will move ahead you will get better understanding of the concept. 53 03:39,360 --> 03:44,970 While we will calculate the volumetric weight and also understand at what quantity of cargo you should 54 03:44,970 --> 03:50,550 opt for a FCL shipment or you should go for a LCL shipment which will be profitable for you. 55 03:50,550 --> 03:52,350 And how can you save your ocean freight? 56 03:52,350 --> 03:58,440 As a consolidator will charge on the basis of volume or gross weight whereas in full container 57 03:58,440 --> 04:01,820 load the shipping line will charge on the basis of flat rate. | ||||
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