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WAEC Commerce 2006 Question 25

Question 25

Transport

The time allowed for unloading and loading a ship is referred to as

  1. A.demurrage
  2. B.lay days
  3. C.charter party
  4. D.charter by demise
Show the answer and explanation

Answer: B (lay days)

Explanation

Lay days are the days allowed for loading and unloading.