Free Love Chum has almost all the same properties of Red Love Chum, but FLC cannot be purchased or traded (so purchasable benefits of RLC for example quicker travel times do not extend to FLC). It is given out in place of all free RLC and giveaway RLC (for example, in treasure chests, awarded through the Monthly Tournaments and as gifts/recompense for any downtime). It was created so the devs can give away more, and not worry about fake accounts. Free Love Chum cannot be traded to other players, but you can use them to purchase Red Sharks or Deckhand Vouchers.