This is a very loose fitting T shirt style.  The bust measurement is very large as it effectively includes the sleeves. 

I would say a size S/M is 8-14 and L/XL is 16 plus.  All models are wearing a S/M.

S/M L/XL
Bust 150cm 160cm
Hips 120cm 130cm
Shoulder to hem 60cm 63cm