Shipbuilding part 1, Normal Build (updated)

I found out my explanation on my previous shipbuilding tutor was confusing and still lack of information. This time I try to explain everything more detailed.

Okay to start building a ship, you will need Shipbuilding skill. We can build ships at shipyard.

Then you will see this menu.

You will see a list of ship you can build in that shipyard. This list will be vary each port. Example: you can build Dhow in Beirut, or Sambuk in India.
Higher shipbuilding rank will allow you to build bigger and better ship.
Yes, there is build cost to build a ship. You still need to pay the wage of the worker. But still cheaper than buying ship from NPC.
Waiting time mean after you finish building your ship, you need to wait  on the sea.

This ship need 2 days to build, so you have to wait 2 days on the sea. Higher rank ship will take more time to build and more expensive.
UWO shipyard has delivery system. Example, you can build Sambuk in Calicut, and instead of waiting near Calicut, you can sail back and receive your Sambuk in Seville. Very convenient.

Next step...

This is a list of material you can apply to your ship. Higher shipbuilding rank will give more material to choose. Different port also has different material list. Like in India you will find teak and rosewood, but you can't find iron.
No, we are not talking about panels here. We will talk about panels in another part.

In this menu, we can modified the ship cargo.
Current capacity = default cargo, or previous cargo set up this ship get from previous improvement (which we are not talking here).
Effective Range = allowed set up without giving penalties to your ship.
Range = allowed set up, if you do it more than effective range, your ship will get penalties.
Max Capacity = current cargo set up.
Higher shipbuilding rank will give wider range for cargo setup, and also better effective range. Example R19 can set cargo at 195 without having penalties, while R18 definitely will have penalties when he/she set cargo on 195.
Penalties? Yes penalties. These pictures will explain it.

Max. Effective

Max. Penalty

Min. Effective

Min. Penalty

We call cargo minimum set up as speed mode. Lighter ship = more speed. But with these penalties means you need to improve this ship.
If you build a ship with penalties, these stat will be applied to your improvement stat as shown in this picture.

Sometime (maybe mostly) aide ship will has max penalty, because we only need more cargo for them, not speed.

Okay, this is the end of Part 1 before I start explaining improvement in this page. That would be out of topic.