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WAEC Commerce 1996 Question 28

Question 28

Transport

The price charged for leasing a ship is known as

  1. A.way bill
  2. B.haulage
  3. C.clean bill
  4. D.freight
  5. E.demurrage
Show the answer and explanation

Answer: D (freight)

Explanation

Freight is the charge paid to the shipowner for the use of the ship or for carrying goods.