CQD stands for?

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Study for the Chartering and Brokerage Test. Master ship chartering and brokerage concepts with multiple choice questions and detailed explanations. Get ready to excel!

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.

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