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At other times, this can still prove difficult. In these situations, an excel document to manually calculate values is often the next easiest step. The following excel has available plug and play values, along with two examples to help demonstrate this calculationsimply enter in details provided through the actual contract such as CP quantity, Freight rate, bunker values, etc.. and your TCE should auto calculate.
TCE = (Total revenue - Total expense)/Voyage days
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