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WAEC Commerce 2018 Question 48

Question 48

Transport

The time allowed for loading and unloading a ship at the harbour is

  1. A.demurrage.
  2. B.tenure.
  3. C.lay days.
  4. D.dead freight.
Show the answer and explanation

Answer: C (lay days.)

Explanation

Lay days are the days allowed for loading and unloading; demurrage is the charge for going beyond them.