NECO Commerce 2023 Objective — Question 18
Question 18 of 50 from the National Examinations Council (NECO) Commerce 2023 Objective paper, with the correct answer and a full explanation.
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A charge paid to a carrier for delay in loading or unloading goods at a port is called (a) freight (b) demurrage (c) insurance premium (d) tariff
- A. freight
- B. demurrageCorrect
- C. insurance premium
- D. tariff
Explanation
Demurrage is a charge paid to a carrier for delaying the loading or unloading of goods at a port, usually calculated on a daily basis.
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