For overstaying in a port, a ship is charged a fine called

Assessment: WAEC SSCE - Commerce - 2009 (Objective) Subject: Commerce

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For overstaying in a port, a ship is charged a fine called
Answer Details
The fine charged for a ship that overstays in a port is called demurrage. This fine is imposed to compensate for the delay caused by the ship's prolonged stay, which can disrupt the port's operations and cause financial losses for other ships waiting to dock. The demurrage fee is usually calculated based on the number of days that the ship has exceeded its allotted time in the port and can be a significant cost for shipping companies.
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