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WAEC Commerce 2014 Question 7

Question 7

Transport

The charge paid to a ship owner for the unused part of a ship is known as

  1. A.penalty.
  2. B.dock dues.
  3. C.dead freight.
  4. D.demurrage.
Show the answer and explanation

Answer: C (dead freight.)

Explanation

Dead freight is paid for cargo space booked but not used.