The price charged for leasing a ship is known as

Assessment: WAEC SSCE - Commerce - 1996 (Objective) Subject: Commerce

Question 1 Report

The price charged for leasing a ship is known as
Answer Details
The price charged for leasing a ship is known as "freight". Freight is the amount of money paid to the owner of the ship for transporting goods from one place to another. It is usually calculated based on the weight or volume of the goods being transported and the distance they are traveling. Freight charges cover the cost of fuel, crew, insurance, and other expenses incurred during the voyage. The term "freight" can also be used to refer to the goods being transported by the ship.
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