WAEC Commerce 1991 (August) Question 16

Question 16

Transport

Demurrage is a charge for

  1. A.utilised lay days
  2. B.unused lay days
  3. C.exceeding lay days
  4. D.damaged cargo
  5. E.jettisoned cargo
Show the answer and explanation

Answer: C (exceeding lay days)

Explanation

Demurrage is charged when a ship is kept beyond the agreed lay days for loading or unloading.