Lack of Communication

Farmer living in the villages and less privileged areas have very little knowledge of the level of demand in the market for a particular product at a given time. Therefore, if they bring in more quantity of a good than what is demanded, they will have to sell at alower price because of the perishable nature of agricultural goods.

Reducing Excessive Documentation

There is a lot of documentation involved when one wants to establish an industry. An investor has to pay bribery at various instances for the people in charge of documentation. This discourages an investor and new incumbents. Therefore, Government has to make this process simpler and more industrial friendlier and provide one window operation to the industrialists.

Low Quality Products

With the dearth in finance, people in cottage industries find it very difficult to make quality products in the available finance they have. Moreover they lack of ability to produce high quality products. They usually produce things manually or by using traditional machines which does not bring in the same quality than giant competitors.

Contract of Affreightment

A contract of carriage of goods by sea is called as contract of affreightment. It is a contract by which a shipowner under takes to carry the goods of another in consideration of a price called Freight. A contract of affreightment may take the form of charter party, or a bill of lading.

Lay Days and demurrage

Lay days are a certain number of days allowed by the charter party to the character for the purpose of loading and unloading the cargo. The lay days begin to run from the time that the the character has received notice of the ship's arrival at the stated port and her readiness to load and unload. These days may be either Running Days, in which case they are counted from mid-night to mid night including any intervening holidays or working days, which are the days on which the work is normally done i.e excluding holidays. It is essential that the moves of loading and unloading must be completed within the stipulated lay days and where no time is fixed then the work must be completed within the reasonable time, regard being had to the existing circumstances and the custom of the port.