Demurrage is paid by a vessel for

Assessment: WAEC SSCE - Commerce - 2006 (Objective) Subject: Commerce

Question 1 Report

Demurrage is paid by a vessel for
Answer Details
Demurrage is a fee that a vessel has to pay when it exceeds the allowed time for loading and unloading cargo at a port. In other words, if the vessel stays at the port for longer than the agreed-upon time, it will have to pay demurrage fees. This is to incentivize the efficient use of port facilities and ensure that cargo is moved in a timely manner. Therefore, delaying at the port is the correct answer.
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