Market & routes
TC14
Meaning
TC14 is the Baltic Exchange benchmark MR route for a 38,000-tonne clean products cargo from the US Gulf to the UK-Continent.
Also written as TC14 route, USG/UKC MR
TC14 explained
TC14 tracks US diesel exports to Europe and is the return leg of the MR transatlantic triangulation with TC2.
Related terms
TC2
TC2 is the Baltic Exchange benchmark MR route for a 37,000-tonne clean products cargo from Rotterdam to New York.
MR tanker
An MR (medium range) tanker is a product tanker of about 25,000 to 55,000 deadweight tonnes, the most common size for gasoline, diesel and jet fuel.
Baltic Exchange
The Baltic Exchange publishes daily freight assessments for benchmark tanker routes, such as TD3C, which the market uses as reference rates.