Question 10
TransportIf a ship overstays its stipulated time at a port, it pays a charge known as
- A.arbitrage
- B.demurrage
- C.dock due
- D.toll.
Show the answer and explanation
Answer: B (demurrage)
Explanation
Demurrage is charged for overstaying.
If a ship overstays its stipulated time at a port, it pays a charge known as
Answer: B (demurrage)
Demurrage is charged for overstaying.