Which of the Following Terms Refers to a Charge Made

question 61

Multiple Choice

Which of the following terms refers to a charge made by a shipowner when a charterer keeps a ship idle for more than the agreed-upon number of lay days?

• A) claused bill of lading
• B) dead freight
• C) demurrage
• D) clean bill of lading

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Definitions:

Estimated Form

In statistics, it refers to the version of an equation that estimates the parameters of a model based on sample data.

Unit

A standard measurement or quantity used as a basis for counting, comparison, or calculation.

Critical Value

A threshold point on the test distribution that is compared against the test statistic to determine whether to reject the null hypothesis.

Independent Variables

Variables in an experiment that are manipulated or changed by the researcher to investigate their effect on dependent variables.