# Duration and Rates

In the **Durations and Rates** tab you will see 2 **Sections;**

*  **Durations,** includes create-button and a list of the durations on the Time Charter Contract**.**
*  **Duration and Rates,** includes a list of the **Rates** along with the connected **Duration** on the Time Charter Contract.

<figure><img src="https://content.gitbook.com/content/md37qFD2XkvN6S9sVg85/blobs/DbvlegDDfRJdGTE69DLv/image.png" alt=""><figcaption><p>Duration and Rates tab on TC Drawer</p></figcaption></figure>

In the **Durations** Section you [create new durations](https://docs.dataloy.com/release-8.2/voyage-management-system/step-by-step-guides/time-charter-contracts/maintain-time-charter-contracts/duration-and-rates/create-duration-and-rates) by clicking the ![](https://content.gitbook.com/content/md37qFD2XkvN6S9sVg85/blobs/0KPmnnjELoaYdOYZiztJ/image.png)-icon in the top right of the Section and click on any of the durations to edit or delete them.

{% hint style="info" %}
When adding, removing or otherwise changing the durations on a Time Charter Out, and the Voyage has status Estimate, the redelivery date on the contract is automatically updated.
{% endhint %}