WAEC Commerce 2019 Objective — Question 48
Question 48 of 50 from the West African Examinations Council (WAEC) Commerce 2019 Objective paper, with the correct answer and a full explanation.
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When a ship overstays the allowed number of days at the port, it is made to pay a
- A. interest
- B. tariff
- C. demurrageCorrect
- D. commission
Explanation
Demurrage is a charge paid to the owner of a chartered ship for the extra days it spends before discharge, due to delay.
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