Laden leg
Meaning
The laden leg is the part of a voyage when the tanker is carrying cargo, from the load port to the discharge port.
Also written as Laden voyage
Laden leg explained
Laden speed and consumption usually differ from ballast, because the ship is deeper in the water. Charters and voyage estimates use separate laden and ballast figures.
Related terms
Ballast leg
The ballast leg is the empty voyage a tanker makes to reach its next load port, carrying sea water as ballast instead of cargo.
TCE
TCE (time charter equivalent) converts a voyage's freight into daily earnings: freight minus voyage costs, divided by the days the voyage takes.
Speed and consumption warranty
A speed and consumption warranty is the owner's promise on a time charter that the ship can steam at a stated speed on a stated daily fuel consumption.