WAEC Commerce 2007 Question 42

Question 42

Transport

If the charterer delayed the ship beyond the lay days, he is asked to pay

  1. A.dead freight
  2. B.demurrage
  3. C.lump sum
  4. D.freight.
Show the answer and explanation

Answer: B (demurrage)

Explanation

Delay beyond lay days attracts demurrage.