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WAEC Commerce 2023 Question 29

Question 29

Transport

The penalty paid for not off-loading goods at a port within the stipulated time is

  1. A.charge.
  2. B.demurrage.
  3. C.dock due.
  4. D.freight.
Show the answer and explanation

Answer: B (demurrage.)

Explanation

Demurrage is the penalty paid when a ship, wagon or goods are held beyond the agreed time for loading or unloading.