For overstaying in a port, a ship is charged a fine calle...
For overstaying in a port, a ship is charged a fine called
dock due
commission
interest
demurrage
Correct answer is D
Demurrage refers to the penalty fee paid by cargo ship operators for over staying in a dock.
Banks are engaged in the business of buying and selling of? ...
A person who undertakes any risk in insurance business is known as ? ...
A document from a seller which corrects an under-charge on a buyer's account is known as? ...
The evolution of commerce in Nigeria is traceable to the? ...
Which of the following policies could be taken for a guaranteed life income? ...
Which of the following have lien on goods in their possession until their commission is paid? ...
The speculator who applies for a new issue of shares without the intention of keeping them is ...
A major advantage of a cooperative society is that it? ...
Which of the following carries the bulk of goods involved in foreign trade? ...