CQD stands for?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $9.99Unlock all

Prepare for the Chartering and Brokerage Test with study tools like flashcards and multiple-choice quizzes. Each question includes hints and detailed explanations to enhance your learning experience. Start your preparation today!

Multiple Choice

CQD stands for?

Explanation:
CQD is Customary Quick Despatch, a shorthand used in voyage charters to denote the despatch money—the standard bonus paid to the shipowner when loading or discharging is completed within the agreed laytime. The spelling with Despatch reflects the traditional British term for this bonus. In practice, a CQD rate is referenced in the charter party as the customary amount payable for prompt performance. The other forms aren’t the standard term used in chartering practice, so this one is the best match.

CQD is Customary Quick Despatch, a shorthand used in voyage charters to denote the despatch money—the standard bonus paid to the shipowner when loading or discharging is completed within the agreed laytime. The spelling with Despatch reflects the traditional British term for this bonus. In practice, a CQD rate is referenced in the charter party as the customary amount payable for prompt performance. The other forms aren’t the standard term used in chartering practice, so this one is the best match.

More Multiple Choice Questions
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy