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WAEC Commerce 1993 Question 53

Question 53

Transport

The charge paid for failing to off-load a vehicle within a stipulated time is called

  1. A.freight
  2. B.demurrage
  3. C.fine
  4. D.fare
  5. E.floating charge
Show the answer and explanation

Answer: B (demurrage)

Explanation

Demurrage is the charge for keeping a vehicle, wagon or ship beyond the time allowed for unloading.