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Quantitative Finance · शब्दावली

Time-charter equivalent क्या है?

Definition 11.2 Markets III: Commodities, Energy and Crypto · अध्याय 11 — Freight, Weather and Other Corners

The time-charter equivalent (TCE) of a voyage is its freight revenue less its voyage costs, divided by its duration in days: the daily hire at which a time charter would earn the owner the same.

The two ways of hiring a ship, and who bears the voyage costs. The time-charter equivalent converts one into the other. Schematic.
Figure 11.1. The two ways of hiring a ship, and who bears the voyage costs. The time-charter equivalent converts one into the other. Schematic.

उदाहरण

Example 11.3 (From a voyage to a daily rate)

A bulk carrier carries 170 000 tonnes of iron ore at $12.00 a tonne: freight of $2.04 million. Fuel costs $600 000 and port charges $150 000, and the round voyage takes 45 days. Its TCE is (2 040 000−750 000)/45=$28 667(2\,040\,000 - 750\,000)/45 = \$28\,667 a day.

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