Payment to a ship owner for carrying one's cargo is

Assessment: WAEC SSCE - Commerce - 2011 (Objective) Subject: Commerce

Question 1 Report

Payment to a ship owner for carrying one's cargo is

Answer Details
Payment to a ship owner for carrying one's cargo is known as freight. Freight is the price paid to the owner of the vessel for the transportation of goods from one location to another. The freight charges depend on various factors such as the type of goods being transported, distance, mode of transportation, and the weight or volume of the cargo.
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