TD20
Meaning
TD20 is the Baltic Exchange benchmark Suezmax route for a 130,000-tonne crude cargo from offshore Bonny, Nigeria, to Rotterdam.
Also written as TD20 route, WAF/UKC Suezmax
TD20 explained
TD20 is the reference rate for the West Africa to Europe crude trade, one of the core Suezmax markets. The voyage is around 4,500 nautical miles.
Related terms
Suezmax
A Suezmax is a tanker of about 120,000 to 200,000 deadweight tonnes, the largest size that can transit the Suez Canal fully laden, carrying around 1 million barrels.
Baltic Exchange
The Baltic Exchange publishes daily freight assessments for benchmark tanker routes, such as TD3C, which the market uses as reference rates.
WAF
WAF is the market abbreviation for West Africa, mainly the crude export terminals of Nigeria, Angola and the Republic of Congo.
UKC
UKC (UK-Continent) is the market term for the discharge and load region from the UK across North-west Europe, roughly Le Havre to Hamburg.