FCL – What is a Full Container Load?
FCL (Full Container Load) is frequently quoted amongst traders and stands as an international ISO (International Organisation for Standardisation) standard; which usually refers to one (full) container load. This will contain the cargo for one consignee (one importer).
The FCL is usually quoted next to the abbreviation LCL; which has the meaning Less Container Load.
The product in an FCL cargo is owned by one shipper and does not have to be fully loaded. It is just the case that one shipper has booked one cargo.
What is a full container load?
In practical terms it is a standard (twenty or forty-foot) container which is under the control of a consignee or shipper.
The container used to transport goods will have to be packed and a trader is able to receive an empty container in order to carry this out. However, this has an inherent risk attached as they will be liable for the packing condition.
In the event that a specialist packing company is used, then the forwarder will make sure to arrange a collection and transport product directly to port where the shipper will take on the goods.
FCL meaning in logistics
Logistics and transportation is important when understanding how goods are taken from supplier to buyer. However, understanding the underlying containers being transported is of utmost importance. An FCL in the shipping industry is a twenty or forty-foot container; which is loaded at the risk of the ultimate shipper. Due to being fully loaded containers; one will pay lower freight rates than break bulk or separate cargo for the same amount of product.
The carrier of goods is usually a company that delivers and ships freight.
Sea Freight FCL
When bulk goods are transported; sea freight is usually the cheapest and most favoured option.
Sea freight shipping may be either LCL or FCL.
What is the size of an FCL?
Containers can be 20′ or 40′, which are referred to as FCL 20′ or FCL 40′, respectively.
We were trading machinery and had not completely thought through how the goods would be shipped, timing of trade, delivery, whether we would send as one large batch using FCL or over time using LCL. Talking this through with Trade Finance Global was really helpful. This was also coupled with thinking about related currency hedges and how long we were ‘out of the money’.
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