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WAEC Commerce 2014 Question 48

Question 48

Transport

When a ship overstays the allowed number of days at the port, it is made to pay

  1. A.interest.
  2. B.tariff.
  3. C.demurrage.
  4. D.commission.
Show the answer and explanation

Answer: C (demurrage.)

Explanation

Demurrage is the charge for staying beyond the allowed lay days.