Some of the time charter fixtures mention payment of a ballast bonus. Discuss the reasons why the charterer agrees to give "ballast bonus" for the ship. 200

Q2. Some of the time charter fixtures mention payment of a ballast bonus. Discuss the reasons why the charterer agrees to give "ballast bonus" for the ship. (2 Marks) Q3. Please interpret all the abbreviations in the following example and use plain words to explain the core information. (1.5 Marks) 70k mtons 10% MOLOO Iron ore Porto de Santos (Brazil)/ Tianjin (China) Laycan 6 June-20 June 8090K DWT SDBC, max twenty years age 6,000mtSHINC/6,000mtSHINC 1.25 TTL COM