Is LCL Credit Lyonnais?

LCL is an abbreviation which means Le Crédit Lyonnais, the former name of the bank. Since 2003, LCL is owned by Crédit Agricole but still operates as a separate entity in all of France. It serves about 6 million customers in 2000 branches in France (2005).

Is LCL a bank?

LCL, subsidiary of the Crédit Agricole S.A., is one of the biggest retail banks in France.

What does LCL mean?

Less than Container Load
The counter term is LCL – “Less than Container Load”. The term is used to describe the transportation of small ocean freight shipments which are not requiring the full capacity of a container.

What is ocean LCL?

What is LCL shipping? LCL stands for less than a container load and describes sea shipping for cargo loads not large enough to fill a full 20ft or 40ft shipping container. Since LCL shipments fill less than a full 20ft or 40ft shipping container, these are grouped with other cargo.

What is LCL fee?

LCL, or less than container load, has multiple consignments sharing space within the single container. With FCL, the buyer is paying for the cost of the whole container space, while LCL only pays for the area that the shipment occupies in a single container.

What are LCL charges?

LCL shipping charges are generally computed based on the dimensions of the package i.e. the length, width. The standard unit for LCL shipping charges is USD per CBM (cubic meters). However, if the weight of the package exceeds 1000 kgs (1 ton), then the costs are levied based on the weight.

How much does LCL cost?

The total cost per CBM for an ocean freight can be anywhere between $25 and $140, depending on the route. The rates for LCL freight usually changing monthly, so it is important to check the validity of the quoted rates that your freight forwarder provides, before arranging the shipment.

How is LCL rate calculated?

If freight forwarder quote a rate of USD 10.00 per CBM, the rate will be 6.44 CBM X USD 10.00 per CBM = USD 64.40. If the weight of the said package is 7 tons (7000kgs), the freight on LCL is calculated on the basis of weight. That is, 7 tons X USD 10.00 = USD 70.00.

How is LCL shipping calculated?

LCL cost is calculated primarily by volume, usually in cubic meters (CBM). The more space you need, the more you pay. Weight is also taken into account when determining LCL shipping costs, but because container ships can handle huge amounts of weight, volume usually matters more to overall costs.

What is an example of LCL?

Example – Shippers often use LCL service as an economical alternative to air freight for smaller, less time-sensitive shipments. Related Terms – LTL – Less Than a Truckload – refers to local, regional and transcontinental trucking services.

What is the minimum weight for LCL shipment?

It can be used for shipments as little as 1 CBM, or less, although the minimum chargeable volume is 1 CBM. (Note: It is also advisable to check the air options if the shipment is less than 1 CBM and the chargeable weight is less than 200kg). LCL is ideal for shipments with a volume of less than 15 CBM.