Kindly answer the following and submit by 22nd Sept 2013.

Question 1 Differentiate between a) b) c) d) e) Laytime and Laydays Demurrage and Despatch Voyage charter and time charter Bare boat charter and Bare boat cum demise charter Fresh water and Brackish water

Question2 . Give full forms a) b) c) d) e) f) g) h) i) j) k) l) m) APS and DLOSP LIO and FIO FOB and CIF SSHEX EIU ; FHEX IU ATUTC FOB WIBON VLCC NAABSA COA TCT PDA NOR POB

Question3 . You are a chartering manager of a shipping company owning Geared Handy max bulkcarrier, you have been asked to offer one of your bulk carriers for trip time charter. Prepare a detailed offer. Question 4 In relation to Chartering explain a) Firm offer b) Counter c) Subjects End