Question: 4. Vividly explain the following terms: a. Demurrage b. Dispatch c. Damages for detention d. Weight and Volume Cargo e. Bale Capacity of a ship.

4. Vividly explain the following terms:

a. Demurrage

b. Dispatch

c. Damages for detention

d. Weight and Volume Cargo

e. Bale Capacity of a ship.

d. Grain capacity of a ship

3. a. List four (4) cost items which constitute additions to hire under a time charter party.

b. List two (2) cost items which constitute deductions to hire under a time charter party.

c. Explain the expression OFF- HIRE as applied in time chartering.

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