A guide to chaining (and warring) can be found here
Although we generally all do a great job of being in Torn for OCs, we occassionally have delays. Mistakes happen, so the first delay is not penalised. However, a 2nd delay within a 6-month period will result in a fine of 500k per level of the OC (paid from your faction balance). This is a rolling period meaning you can and will receive consecutive fines for any delay beyond your first within the same 6-month period. The fine will be paid to those members you held up by not being in torn. This will count as compensation for time they've lost waiting for you, rendering them unable to fly to make money.
A basic guide to OCs can be found here and the roles/requirements here.